one of my friend issue only one invoice on monthly basis of Rs. 2.5 lakh. But he didn't take the registration in previous year but now he wants to take registration in the month of may 2018. Is he liable tonpay tax on supply made from july 2017 till date?
As he was a URP during previous financial year nd tax under this section has been suspended till june 2018.
Kindly provide the solution, can the purchaser take ITC on tje invoices, after taking registration from my side?
Menu
Registration after crossing the limit of 20Lakh
Replies (3)
He can avail ITC on Inputs, WIP, FG only if he applied for registration within 30 days from the date of becoming eligible to get registered...i.e. when his turnover crossed RS. 20lakh/10 lakh respectively...
If he does not register within 30 days...he can't avail ITC on those mentioned above
If he does not register within 30 days...he can't avail ITC on those mentioned above
Sir i m talking about the receiver of service who is taking services from me. Is he eligible for ITC?
If he receives such serive to make further taxable supply....then he can avail ITC on that..for eg:...in construction of building...where a contractor receives services of contractee....if he does it for furtherance of his business activities...he can avail ITC
If not...he can't avail it as ITC
If not...he can't avail it as ITC
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
