is input tax credit available for amount paid without TDS u/s 194 J of income tax act?
6 Replies
CA Nagaraju
(Chartered Accountant)
(33 Points)
Replied 11 November 2018
yes, ITC available,
ITC can be claimed by a person registered under GST only if he fulfills ALL the conditions as prescribed.
a. The registered person should be in possession of tax invoice
b. The said goods/services have been received
c. Returns have been filed by the supplier
d. The tax charged has been paid to the government by the supplier.
ITC can be claimed by a person registered under GST only if he fulfills ALL the conditions as prescribed.
a. The registered person should be in possession of tax invoice
b. The said goods/services have been received
c. Returns have been filed by the supplier
d. The tax charged has been paid to the government by the supplier.
kishan sarda
(CA Student)
(2 Points)
Replied 11 November 2018
the question of TDS arise only when payment exceed 30000
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 November 2018
No more restriction for ITC in GST if You are not deduct TDS based on income tax...
Based on IT without deduct TDS as per section and it's ceiling limit then the said expenses disallowed under IT Act.
Based on IT without deduct TDS as per section and it's ceiling limit then the said expenses disallowed under IT Act.
santhuamma415@gmail.com
(223 Points)
Replied 11 November 2018
but one important thing is he should not be a compositdelar where he cant claim ITC SO IN YOUR QUESTION SOME INFORMATION IS MISSING
kamal raheja
(2 Points)
Replied 11 November 2018
TDS U/S 194J is also required to deduct without any threshold limit if payment made to non employee directors........threshold limit of ₹30000 shell be apply only i case of professionals , technical, royallity
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 14 November 2018
Yes, It is available. The expense might be Disallowed under Income tax act but it won't affect the ITC claim in GST.
Recent Topics
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
CAclubindia
