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ITC credit

22 January 2018

I am a practicing cost accountant and I have done my new office electricity fleeting and client charge me GST on it so should I take credit of GST ????

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2 Replies

RAMESH KUMAR VERMA (Exim Officer) (5951 Points)
Replied 22 January 2018

Input Credit Mechanism is available to you when you are covered under the GST Act.

Which means if you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned here, registered under GST, You are eligible to claim INPUT CREDIT for tax paid by you on your PURCHASES.

FOR THIS :

You must have a tax invoice(of purchase) or debit note issued by registered dealer

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Vyomm Mehta (12 Points)
Replied 22 January 2018

You can, provided you are registered under GST and have a tax invoice or any other equivalent document

(confirm this answer with CA before taking any material decisions)