input credit
Vinay Gupta (271 Points)
29 September 2017
gst no. allot in August. can he can take input credit of July month ?
8 Replies
CA Amit Joshi
(Chartered Accountant)
(288 Points)
Replied 29 September 2017
Since you are unregistered in July, you cannot avail ITC of July month.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 September 2017
I fully agreed with CA Amit Joshi.,
But, You can reverse the Invoices (Supporting by Your Supplier) then you can avail the Benefit...
Vinay Gupta
(271 Points)
Replied 04 October 2017
reverse the invoices means. I didn't get you sir please explain
Chinay Solanki
(Chartered Accountant)
(242 Points)
Replied 04 October 2017
They mean that u ask the seller of goods to issue you a new invoice in the month of August. And show the goods purchased in July as goods return
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
Yes... I agreed with You...
You exactly correct Mr CA Chinay Solanki..
@ Vinay Gupta.,
You ll consider your supplier also Your Customers then You can get revised invoice for next month dates...
On July date they can create Credit Note.
You exactly correct Mr CA Chinay Solanki..
@ Vinay Gupta.,
You ll consider your supplier also Your Customers then You can get revised invoice for next month dates...
On July date they can create Credit Note.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
| Originally posted by : Vinay Gupta | ||
 |
but supplier already showed in gst return in b2b |  |
Yes...
Then only we said above way... It's mean they ll be create Credit Note and same ll be shown in their Return.
After you can get Freash dated Invoice...
Also you try to fole Before dated invoice in your current return...
If it's accepted then no need other ways...
Vinay Gupta
(271 Points)
Replied 04 October 2017
and I paid 1800 for late fees under "penalty" . now late fees waive off then how i get refund or utilize it
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