ITC FOR IGST ON IMPORT FILED & PAID BY HO FOR BRANCH.
This query is : Resolved
17 January 2022
Dear Sir/ Madam,
We are Importer having HO in Maharashtra & a Branch in Karnataka. Both have a separate GST Registration No. in respective States.
Please let us Who (HO or Branch) is eligible to take ITC Credit for IGST in case where Bill of Entry was filed with HO's GST No. but consignment was cleared and received in Karnataka.
Thank you!
We are Importer having HO in Maharashtra & a Branch in Karnataka. Both have a separate GST Registration No. in respective States.
Please let us Who (HO or Branch) is eligible to take ITC Credit for IGST in case where Bill of Entry was filed with HO's GST No. but consignment was cleared and received in Karnataka.
Thank you!
17 January 2022
ITC on imports can be availed by HO. HO has to issue tax invoice to branch as consignment received by branch.
19 January 2022
What sort of Tax Invoice it be ?
Because as Seller's Invoice was in the name of Branch, Goods inward entry is been taken by Branch.
Because as Seller's Invoice was in the name of Branch, Goods inward entry is been taken by Branch.
19 January 2022
The Goods inward entry must be taken in the books of the HO so that he can claim the ITC of the GST paid.
Now, the HO can invoice the goods to the branch using a tax invoice. The branch will now claim the ITC mentioned in the Tax invoice of the HO.
Now, the HO can invoice the goods to the branch using a tax invoice. The branch will now claim the ITC mentioned in the Tax invoice of the HO.
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