we are registered gst no. we bought computer, Xerox chairs for our office
seller charging gst in their invoice. can we set off that gst in our outward gst payment
yes you can take ITC of that
4 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 03 August 2017
Yes definitely you can claim credit of GST charged on the bills.
Shashikant Varshney
(Chartered Accountant)
(763 Points)
Replied 03 August 2017
They need to mention Your GST number for claiming the GST.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 03 August 2017
Supplier has raised valid bill with your GST No.
If the supplier uploads the data including your GST no.
The credit gets autopopulated in your Electronci credit register
If not in register- you may upload
In in ECR then verify and if ok - credit is provisional available to be utilised.
The supplier needs to pay his liability and file his valid return.
If he does so - your credit is final.
If he does not then the credit in your ECR would be debited to your output liability along with interest for that period and you would have to pay GST.
Between the eligibility and actual final free use of credit a bit of procedure by supplier + you is involved.
and files valid
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