ITC On reverse charge

ITC / Input 475 views 13 replies
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Sr. Account Executive
89 Points Joined November 2011
we have purchase a goods from unregistered delar and deposit tax under reverse charge. Now we can take input credit for the same
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On 09 July 2017 at 13:07 Report
Replies (13)
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Chartered Accountant
86505 Points Joined April 2011
Yes you can take except for those mentioned under Sec 17(5)
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On 09 July 2017 at 13:27
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8 Points Joined April 2017
can we take input service credit on capitalised repair renovation exp. when service reg.under renting immovable property.advise
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On 09 July 2017 at 14:49
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Chartered Accountant
86505 Points Joined April 2011
Yes you take only if same is not mention in exceptions u/s 17(5) of CGST Act
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On 09 July 2017 at 16:44
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Chartered Accountant
86505 Points Joined April 2011
You can get credit of same. But for more reference refer above mentioned Sec
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On 09 July 2017 at 16:46
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Sr. Account Executive
89 Points Joined November 2011
Thanks for your reply. now we had paid gst on office maintenance charge under reverse charge. we can take input for the same in next month.
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On 09 July 2017 at 17:01
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Chartered Accountant
86505 Points Joined April 2011
Yes you can.
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On 09 July 2017 at 17:02
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Sr. Account Executive
89 Points Joined November 2011
Thanks
1 Reply
On 09 July 2017 at 18:22
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Chartered Accountant
86505 Points Joined April 2011
Welcome...........
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On 09 July 2017 at 21:14
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Sr. Account Executive
89 Points Joined November 2011
We are a solar panels manufacture but hsn code of renewable energy devive is only in two digit i.ie 85 &84. now my questions is we can use same hsn if sales is more than 5 cr.
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On 09 July 2017 at 22:40
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Sr. Account Executive
89 Points Joined November 2011
Dear mam pls share ur contact details also
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On 09 July 2017 at 22:41
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Chartered Accountant
86505 Points Joined April 2011
If your turnover is above 5 crore then you have to mention 4 digits of HSN Code.
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On 09 July 2017 at 23:19
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Sr. Account Executive
89 Points Joined November 2011
but as per gst sn code only 2 digit code allotted for this items
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On 10 July 2017 at 09:31
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Chartered Accountant
86505 Points Joined April 2011
No dear 8 digit HSN issued for each & every product.
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On 10 July 2017 at 19:13


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