Sir
My question is if we purchase any goods from our supplier on full discount. i didn't take itz ITC in Gstr3b Because i didn't pay any tax to my supplier..
But my supplier has taken this bill and that bills ITC is reflected in my 2A .. what can i do in this situation? plz suggest
Menu
ITC related question
Replies (3)
As per section 16(2) of the CGST Act, 2017 no registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him unless the recipient is in possession of a tax invoice or debit note issued by a supplier or such other tax paying documents.
In the given case as the goods has been supplied on 100% discount, no tax has been paid by the buyer, therefore buyer cannot avail any ITC.
Further, even though the invoice is reflected on GSTR-2A, the recipient can keep the invoice as pending and should not avail the ITC.
Thank you sir
The transaction belonging to replacement of goods
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
