I'm having a confusion. Please Help.
I'm a work contractor, registered in West Bengal. I got a contract to work in Odhisa. I'm raising bill to him charging IGST. But I am getting this work done by two different entities. One registered in Odhisa and another registered in WB. Can I claim ITC from these two entities who are working the work on my behalf?
Eligibility for ITC To claim ITC, you must meet the following conditions:
1. *Invoice and Payment*: Ensure you have a valid invoice and payment records from the two entities.
2. *GST Registration*: Verify that both entities are registered under GST and have a valid GSTIN.
you'll need to consider the following:
1. *Invoices*: Keep invoices from both entities, showing their GSTIN, invoice date, and amount.
2. *Payment Records*: Maintain payment records, such as bank statements or payment receipts.
In single word, If I maintain all records and compliances, I can claim ITC. Right sir?
Yes.yes.yes.with three words yes.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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