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Gst inpu credit on ac purchase

vinayak (accountant) (255 Points)

06 July 2018

We are pvt ltd co in mumbai. We have purchased Air conditioner worth of Rs.4 lacs which includes 67000 gst for our new branch. Can we take input credit of this gst in our current branch ? new branch cinstruction is currnlty in progress so we cant take credit in that branch. we have received invoice with details of our current branch.

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CA ABHAY GUPTA (Practice) (3230 Points)
Replied 06 July 2018

the ITC will be availed by you in case you have given ur GSTN

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vinayak (accountant) (255 Points)
Replied 06 July 2018

will GST on purchase of FLOAT GLASS also allowed!! All invoices are in the name of our co mentioning our GSTN number.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 July 2018

Your branch is Registered under GST or not...?

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vinayak (accountant) (255 Points)
Replied 06 July 2018

New branch is not registered but current branch is registred under GST

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 06 July 2018

both are in same state then do not need registartion if in another state required registration

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 July 2018

If the bill is to intra state supply then You can't avail the ITC benefits...

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 July 2018

Yes... I agreed to Mr CA ABHAY GUPTA., Both branches in same state then You can avail the ITC. No more restriction. In case the branch if other then you can consider with registration or billing...

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CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 06 July 2018

Originally posted by : vinayak
	We are pvt ltd co in mumbai. We have purchased Air conditioner worth of Rs.4 lacs which includes 67000 gst for our new branch. Can we take input credit of this gst in our current branch ? new branch cinstruction is currnlty in progress so we cant take credit in that branch. we have received invoice with details of our current branch.

If both the branches are in the same state then you can take the ITC, if not then you cannot take the ITC without prior registration and mentioning of that GSTIN in the purchase invoice.

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