Input credit
GHANSHYAM TIEARI (ACCOUNTANT) (39 Points)
18 December 2018
A vendor has not deposited the tax and no GSTR 1 filed for invoice we paid for. Can we claim ITC for the invoice
8 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 18 December 2018
As per section 16 of the CGST act 2017 for ITC you have to fulfil following conditions
1) you must have tax Invoice with correct GSTN no issued by supplier
2) you must received goods / service
3) Supplier must pay the GST to GOVT collected form you
4) receipent must file retrun
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 December 2018
Yes... I agreed to Mr Prasad Nilugal's view....
But,
In current situation You have Valid Tax Invoices then You can claim ITC based on Invoice...
But,
In current situation You have Valid Tax Invoices then You can claim ITC based on Invoice...
Kamal Jain
(Student CA Final )
(111 Points)
Replied 18 December 2018
You can claim ITC but can not utilize it till the time supplier show invoice in GSTR-1 and paid taxes.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 19 December 2018
yes u can take if u have VALID TAX INVOICE
Recent Topics
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
Related Threads
CAclubindia
