16 December 2019
I(LABOUR CONTRACTOR) AM GST REGISTERED INDIVIDUAL AND TAKE A CONTRACT WITH A FIRM (PROPRITORSHIP ) REGISTRED UNDER GST. MY WORK IS LOADING AND UNLOADING BAGS AND PACKING OF FINISH PRODUCTS. MY QUERY IS - 1. I CHARGE GST 18% ON AMOUNT, CAN FIRM TAKE GST INPUT OF SAID GST? 2. CAN I TAKE ANY INPUT TAX CREDIT LIKE TELEPHONE EXPENCES ETC ? 3. MUCH MORE ?
16 December 2019
In this case supplier and recipient both are registered , your firm can avail gst input. You can avail gst input if the expenses are incurred for furtherance of the business and your name and gstin should mentioned in the tax invoice. You have to file gst returns without delay to avoid late fees and interest.
CAclubindia
