hi, if we have only input bill, not sale bill, how we take benefit of input tax we had paid.
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Quick Summary
If you've paid input tax but haven't made any sales yet, you can still claim the benefit. This input tax credit can be offset against your future output tax liabilities. If there's no output tax in the current month, you can carry it forward to subsequent months via your credit ledger. However, it's important to note that a direct refund for this credit isn't typically possible. Remember to file your returns to ensure the credit is recorded in your ledger.
If you have a input tax credit than you can adjust that credit against your output tax liability. If you have not any output in current month than than you can adjust that in next month and in future via credit ledger but can't claim any refund of same.