Regarding itc
This query is : Resolved
25 April 2018
Sir,
I had purchased the online software for my firm now the bill is generated in the name of proprietor can i avail the ITC in this scenario.
Note
Bill is generated on proprietor name can i claim itc in firms return.GST No is mentiined on the invoice
I had purchased the online software for my firm now the bill is generated in the name of proprietor can i avail the ITC in this scenario.
Note
Bill is generated on proprietor name can i claim itc in firms return.GST No is mentiined on the invoice
Guest
Guest
(Expert)
25 April 2018
It should be in the name of partnership firm in order to avail credit.
25 April 2018
Yes... You can take ITC for the purchase.
If You are running a proprietorship firm and the bill is Your name with Your GSTIN then You can avail the ITC benefits. GSTIN is based on PAN...
Proprietor and his proprietory business is same of his PAN... No more restriction.
25 April 2018
Yes... You can take ITC for the purchase.
If You are running a proprietorship firm and the bill is Your name with Your GSTIN then You can avail the ITC benefits. GSTIN is based on PAN...
Proprietor and his proprietory business is same of his PAN... No more restriction.
Guest
Guest
(Expert)
25 April 2018
As per my understanding the assesse in question here is partnership firm and not propritorship
30 April 2018
Correct the bill as you cant take itc of bill that is in your name but not in your firm's.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
