hi,
if I sale goods to a person or trust (adding appliable gst) who is ultimate consumer
can I get credit of SAME if I have more amount of gst paid than I have collected??
thx
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selling to unregistered person who is ultimate consumer
Replies (4)
pl elaborate. The ITC is to be taken by the recipient of supply of service/goods. you are not the recipient as mentioned in your query.
sorry
but I want to know I have to pay balancing amount I.e
gst collected on sales to ultimate consumer(not registered) -gst paid on purchase of goods or services??
but I want to know I have to pay balancing amount I.e
gst collected on sales to ultimate consumer(not registered) -gst paid on purchase of goods or services??
Yes you have to pay the remaining amount.. i.e. Gst collected - Gst paid
| Originally posted by : MILAN B. SHAH | ||
 |
sorry but I want to know I have to pay balancing amount I.egst collected on sales to ultimate consumer(not registered) -gst paid on purchase of goods or services?? |  |
Dear Milan.,
First Our sales related taxes are our laibility. Its not credit... Also you can adjust your inputs and pay balance.
The trust is under GST anyway. Your supplies taxble then You ll collect tax from the Trust .
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