itc adjustment
SRIKANTH (business man) (51 Points)
10 June 2018
can iadjest ITC for outward gst if pasible how to adjest
10 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 10 June 2018
Please Clear your Query & Explain properly
saumen ghosh
(consultant )
(46 Points)
Replied 10 June 2018
sir mera septembor ka purchase hai - 118,158 , cgst -2953.97, sgst- 2953.97, octbor ka purchasehai - 81413.5, cgst - 2053.338, sgst -2053.338 , nov purchase -60617 ,sgst -1518.428, cgst-1515.42 ,dec ka purchase hai -93984 cgst - 2349.62 sgst - 2349.62 mera total ITC HAI . ( SEP+OCT+ NOV +DEC ) = TOTAL ITC 16,896. SIR mera sep, oct , nov mey kohi nehi sale hua is lye mey gstr 3b mey nill return submit kya hai . or dec mey sale hua jinka total invoice value - 90879 , sgst - 2271.97, cgst - 2271.97 . par galti mey khali dec month ka ITC adjust kya hai (2349.62+2349.62) = 4399.62
sir ab mey january month ka sale dikhana ka samai mey sep , oct , nov ka galti se na lya Imput tax credit lye saktiea kya . plz help me sir .
Vinod Babu
(24196 Points)
Replied 10 June 2018
You can take and show in january month returns. No problem in that.
SRIKANTH
(business man)
(51 Points)
Replied 10 June 2018
dear sir
opt to regular from composition
now I would like to adjest ITC to payable tax or laiblty without clime like itc2 or 1 is it any chance like setoff with itc
opt to regular from composition
now I would like to adjest ITC to payable tax or laiblty without clime like itc2 or 1 is it any chance like setoff with itc
saumen ghosh
(consultant )
(46 Points)
Replied 11 June 2018
| Originally posted by : Vinod Babu | ||
 |
You can take and show in january month returns. No problem in that. |  |
SO SIR I CAN TAKE THIS SEP, OCT , NOV , DEC, MONTH ITC IN JANUARY MONTH RETURN . NO DEMAND CLAIM IN FUTUTRE . THANK U SO MUCH SIR .
Vinod Babu
(24196 Points)
Replied 11 June 2018
Yes you can take itc in January month.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:
Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return
Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:
Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return
Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.
saumen ghosh
(consultant )
(46 Points)
Replied 11 June 2018
THANK U SIR .OR EK CHOTI SE QUARIES HAI . SIR , GSTR 3B FILL KARNE KA SAMAI 3B RETURN MEY ITC KA ADJUST ONLY ALL OTHER ITC KA JO OPTION HA OIE FILL KARU TO CHALE GA NA . ISKE LEY KYA OR KUCH KARNA HOGA . EX -TRAN -1 , TRAN -2 FILL KARNA HOGA .
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