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.
2 Replies
Sarath Rajendran
(Nil)
(2791 Points)
Replied 22 June 2018
Input credit (ITC) in one GST profile can be used only for adjusting output tax liability of that same profile only
Rizwan
(GST Practitioner)
(178 Points)
Replied 22 June 2018
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
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