My client from state A has registered for GST and the application is pending for a long time. Meanwhile, he has also purchased machinery from state B. Invoice has been kept pending for the same purchase. I would like to claim ITC on capital goods but GST registration is still pending. How should I continue with the purchase? How can the supplier raise the invoice?
3 Replies
yash
(accountant)
(519 Points)
Replied 30 June 2020
at this time supplier can issue invoice in B2C and when GST no. is registered u can ask supplier to amend the invoice and add your GSTIN in the invoice and U can Claim the ITC
KRISSHNAN KP
(4215 Points)
Replied 30 June 2020
First start with GST registration then only your eligible for ITC
sunil
(accountant)
(141 Points)
Replied 30 June 2020
If unregistered person , register himself voluntary he can not take Itc on capital goods.
instead taking ITC , you can add tax paid on purchase of machine in the cost of machine.
and you can claim depreciation on whole amount
instead taking ITC , you can add tax paid on purchase of machine in the cost of machine.
and you can claim depreciation on whole amount
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