GST tax credit for person having more then 1.5 cr
Harsh Singal (46 Points)
10 October 2017
how person having turnover more then 1.5 cr take GST credit if he buy from small business man??..
5 Replies
Sujit Saha
(243 Points)
Replied 10 October 2017
If you are buying from urd, then no RCM, no ITC till merch 2018
Harsh Singal
(46 Points)
Replied 10 October 2017
but i am filing return on monthly bases
so which amount i pay GST!!!
so which amount i pay GST!!!
RAMAPRASAD
(MBA)
(246 Points)
Replied 11 October 2017
you take credit normally on monthly basis. After the small business man file quarterly the Invoice will be matched and then your ITC will be tallied. If u have claimed more than the actual then you will have to pay back with interest
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