Gst input credit

284 views 4 replies

Hi,

I have a Proprietorship business with GST registeration number. 

I purchase grocery  from super markets, frequent restaurants etc for which i have to pay GST as per prevailing %. . The amounts may look small but add up to a significant number cumulatively. 

My question is can i claim the GST paid as input to offset the GST payable; despite none of the above vendors have my GST registeration and i have only invoices as a supporting proof. 

If so; then what is the process for claiming the input GST & necessary compliances to be followed?

If not; then what are different alternatives to claim the GST pain on the purchases?

 

Thanks

Replies (4)
to claim itc u must remember that if your supplier upload the invoice details in his return gstr 1 then only you can get those itc otherwise not.
your claim of itc is depend upon your supplier's compliance.

@ Vishal.,

What is (Your) the Nature of business for the above said Register person...?

What are the uses of the GROCERY....?

Hi Ramesh & Raja,

Thanks for your reply.

I run a recruitment consultancy in Mumbai. 

I assume that since its a proprietory firm; there is no distinction between individual and firm and hence i can claim input credit for goods used for my personal / official consumption. Correct me if i am wrong. 

These goods are brought from reputed brands  which are GST compliant ; however there is no input credit is made against my specific GST number . However; i do have invoices / bills with their GST details. 

So; please let know what would be the step ahead. 

Another query: We often have credit periods of 1~3 months; post which client makes payment.

For example: invoice dated 16th August 2017 becomes due in 15th October 2017. In this case; does the GST become payable in August or October? 

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