Service provided by registered entitity
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2017
service provided by registered entity to unregistered entity , whether registered entity can adjusted set of GST payable from GST input.
25 July 2017
The registered person will raise bill normally. He will charge GST from the unregistered person. On payment of tax to government the input tax credits shall be adjusted.
25 July 2017
No you can't set off GST on RCM from Input.
Message likes :
1 times
25 July 2017
Yes, Maam is right. GST on RCM needs to be paid from Electronic Cash Ledger, rest can be paid from credits.
25 July 2017
ITC:
The service recipient can avail Input Tax credit on the Tax amount that is paid under reverse charge on goods and services. The only condition is that the goods and services are used or will be used for business or furtherance of business.
If the composite dealer falls under reverse charge mechanism then the dealer is ineligible to claim any credit of tax paid. Also , tax in this case will be paid at the normal applicable rates and not at the composition rates.
The service recipient can avail Input Tax credit on the Tax amount that is paid under reverse charge on goods and services. The only condition is that the goods and services are used or will be used for business or furtherance of business.
If the composite dealer falls under reverse charge mechanism then the dealer is ineligible to claim any credit of tax paid. Also , tax in this case will be paid at the normal applicable rates and not at the composition rates.
25 July 2017
I'm not understanding the replies.
Above said Query is "can be adjusted payable tax from Input tax.
Then why he can't adjusted....?
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