RIYA SINHA (3 Points)
25 March 2020Dear Madam/ Sir,
I have query about, that I have purchased some IT related Services from taxable person, and paid the charge by cheque, hence it remains in my book, but other party will not show my purchase into B2B, due to some contractual area restrictions.I do not want to claim ITC on this service.
Q1. How to show that purchase amount (not ITC ) in GST RETURNS.
Q2.Can it be shown in 5 of GSTR 3B ?
Q3.What should be the treatment of such transactions.? please help regarding this.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 March 2020
RIYA SINHA
(3 Points)
Replied 30 March 2020
Thanks @ RAJA P M Sir, for replying.
Here is the Answer of your confusion. My Supplier is bound by a contract, to not sale or service in my territory, here some other supplier is present. But supplier in our area do not have such quality of service, hence i contacted to other territory person.
My all query is limited to GST related not in any other act.
As per your answer ,How should I consider it "INELIGIBLE ITC ", it is clearly a taxable purchase, and not in the Cases when ITC is not available under GST.
Some one suggested me that, If it were for table 4 of GSTR3B. it is not required to be reported.
Can it be the right treatment, under GST for such transactions.
Please tell if you have better or valid reason.
Thanks
CAclubindia
