Sir our business is a wholesale...
We received a commision from company and company pays commision after deducting gst
So we forgot to take itc in 3b on this commision of year 17-18
What we can take itc of this commision in 3b now?
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what we can claim itc.. now
Replies (6)
There is no deduction of GST, check its 5% deduction of TDS as per section 194H of Income Tax Act, 1961.
No person can deduct GST. They can pay under RCM and take credit again but can't deduct the same.
No person can deduct GST. They can pay under RCM and take credit again but can't deduct the same.
Yes, you can....
But when you are receiving the commission ( CNT) you will reverse the ITC .
So reverse the ITC in your current 3b , with interest of 24%
Do prepare the reconciliation state for the same .
Note : Its mandatory you should reverse your ITC as the TDS will going to reflect in you 26AS (under commission)
So reverse the ITC in your current 3b , with interest of 24%
Do prepare the reconciliation state for the same .
Note : Its mandatory you should reverse your ITC as the TDS will going to reflect in you 26AS (under commission)
@ Pankaj Sir nahi smjha, GST kon sa reverse krna hai, commission ka bill to raise krna tha with GST inhone raise ni kia
Yes agreed with Pankaj ji.
Yes, Tds is reflected in 26As.
Yes, Tds is reflected in 26As.
@ Rohit ji
he is receiving commission CNT from company (Its income)
he is receiving commission CNT from company (Its income)
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