How to claim ITC in GST?

ITC / Input 175 views 8 replies
Dear frds/ experts,
Plz kindly let me know about the step by step procedures of how & when to claim ITC in GST?

Thanks in advance,
Maya.
Replies (8)
can you make more clear your query.
plz ref sec 17(5) gives u negative list not claim ITC, so other then that u can claim itc
Dear Maya.,

Please elaborate Your query once again.
Let me consider an eg. A co. is a service oriented company. That company pays its telephone bill along with GST. When the co. pays its GST(collected from its client) for its service, it wants to reduce it by claiming ITC. For this, what are the step by step procedures to claim ITC?
Hope you better understood my doubt.

Thanks,
Maya.
First of Your GSTIN is must in the Telephone Bills..

After You ll get Your telephone bills you can claim the GST tax as Your ITC...

Sales GST Tax (-) Input Tax = Pay Your Balance Liability...


*Input ITC - Telephone bills GST Tax and Any other input from Your Supplier of Services or Goods..
Thank you Sir. Can you please explain the above, in which GST return forms we are we are going to make payment & claim ITC. And in case, if ITC is not claimed, then how to get its refund?
Yes u will get ITC , File return form 3B & U R also liable to file GSTR 1
Thank you.


CCI Pro

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