We have two branch with saprate GST no. in Noida & Hyderabad. As we are export we rasie Invoice for Noida unit only.
So our GST input in hyderabad unit remains unutilised. Can anyone suggest the wayout to get that adjusted wiyh noida.
Menu
Gst input
Replies (2)
Input credit (ITC) in one GST profile can be used only for adjusting output tax liability of that same profile only
Plz refer Sub Section 3 (ii) Of Section 54 for ITC REFUND
[ii] where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies [other than nil rated or fully exempt supplies], except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council:
I think in case output tax liability is lower than INPUT tax. Refund can be claim as per above clause.
chk with jurisdiction officer
[ii] where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies [other than nil rated or fully exempt supplies], except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council:
I think in case output tax liability is lower than INPUT tax. Refund can be claim as per above clause.
chk with jurisdiction officer
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
