ITC from URD
Money Money (429 Points)
02 May 2022
can we take input tax credit from unregistered person or dealers in 3B?
5 Replies
Poonam Shinde
(4 Points)
Replied 02 May 2022
No, you can availed ITC only if the person is registered with GST and only if the ITC is eligible.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 02 May 2022
What ITC fro URD ????
Dear Money
As per Section 32 of CGST Act , the person who is not registered cannot collect tax. so URD cannot charge & collect tax . so question of ITC does not arise
Dear Money
As per Section 32 of CGST Act , the person who is not registered cannot collect tax. so URD cannot charge & collect tax . so question of ITC does not arise
Kesavaraj S
(580 Points)
Replied 03 May 2022
If you purchase fron URD, you have to pay GST on RCM basis and take RCM as ITC...
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 03 May 2022
Dear kesavaraj S
Section 9(4) RCM on inward supply from URD is applicable ONLY on Promotor/developer.
Thus if you are Developer then need to do rcm on inward supply from URD(refer notification 7/2019 ct rate)
Money Money
(429 Points)
Replied 20 September 2022
If blocked our bank by GST department
what should I do?
what should I do?
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