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lnput credit
Can we take input credit for all materials
Replies (25)
Actually ours is instant powder manufacturing company... earlier we haven't taken input credit for building structural work and lab equipments
you cannot take the input credit of ST in GST but you could take it if you are going to file the 1st quarter (Apr17-June 17). From 1st July onwards make sure you purchase everything that is required for company under Company GST number to avail the benefit of GST input credit.
ok sir, from July onwards can we take input credit for all types of materials no?
When you purchase things in company name and GST number the input is automatically taken in the GST as the seller will upload his invoice under your GST number.
Note: This will happen only if seller is registered under GST.
Note: This will happen only if seller is registered under GST.
ok sir, thank you
welcome....
sir,. what about transportation??? All suppliers adding freight include tax with their bills. whether it's eligible for input credit??
Yes it is with full ITC....
Coffee analysis charges can we take input?? and what about TDS part?
sir, we are raising sales invoice for one name but they have too many branches and different GST no. that case what we can do?
You need to raise the Invoice for the receiving Branch. If the receiving Branch is from Karnataka then you need to split the GST rate into half between CGST & SGST, if the receiving Branch is from another state then you need to raise the invoice with IGST.
For both Inter State and Intra State one has to mention the GST No. of both parties along with SAC / HSN No. in the Invoice.
sir, we are deducting TDS for Loading and unloading workers . they don't have any bills for that & by the time of payment they will not give any bills for that . for that we have to pay GST?
becoz we are not taking input credit for that no. plz help me for this type of party, what we can do.
They need to get registered for inter state service even if they come under 75 lac threshold.
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