Krishanu Majumder (Accountant) (177 Points)
17 January 2025I'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?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5976 Points)
Replied 17 January 2025
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.
Krishanu Majumder
(Accountant)
(177 Points)
Replied 17 January 2025
In single word, If I maintain all records and compliances, I can claim ITC. Right sir?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5976 Points)
Replied 17 January 2025
Yes.yes.yes.with three words yes.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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