My question is old amount put together file return
I hv made sales from April 19 to Jan,20. 1 crore , and February sales 50 lakhs. now I am filing February return including old sales 1cr+ 50 laks . 150 laks
is it ok
can customers take itc on total amount 150 lakhs
4 Replies
Anurag Yadav
(121 Points)
Replied 17 May 2020
Yes u can file it with invoice detail and give resion why u not claimmimg till now
Anurag Yadav
(121 Points)
Replied 17 May 2020
If u chage GST on that and supply and claim ITC than ur customer can CLAIM ITC but only ur customer is B2B.
above procedure can avail on last 1 year supply only with proof of u have paid gst and claim ITC .
hope this help u.
😊🙋
if u dont have document than u cant
that u have to made only on 50lakh.
above procedure can avail on last 1 year supply only with proof of u have paid gst and claim ITC .
hope this help u.
😊🙋
if u dont have document than u cant
that u have to made only on 50lakh.
jashwanth
(CA-PRACTICE)
(400 Points)
Replied 17 May 2020
Assessee can claim input upto September of the following year for the previous year. If this case u can claim input on the same 150 lakhs,but u have to pay interest on late payment of gst .
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