UNFORTUNATELY WE CLAIMED ITC FOR A CAPITAL GOODS IN GSTR 3B, BUT GSTR1 NOT FILED CAN I RECTIFY THE ITC SALES?
MURALIDOSS (INCOME TAX PRACTITIONER) (1314 Points)
05 December 2019UNFORTUNATELY WE CLAIMED ITC FOR A CAPITAL GOODS IN GSTR 3B, BUT GSTR1 NOT FILED CAN I RECTIFY THE ITC SALES?
Raksha
(Student CA Final )
(397 Points)
Replied 05 December 2019
SOWJANYA M
(840 Points)
Replied 05 December 2019
Sivaramaraju G
(Learner)
(2398 Points)
Replied 05 December 2019
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1314 Points)
Replied 05 December 2019
"You can utilise credit of input tax paid on capital goods"
Ramaraju G
yes sir, 100000/- cost +18000/- tax purchased taxable capital goods as they said, now it was sale as exempted supplies..It means the instrument they buy and they freely installed in their customer place. Now It was already claimed in 3B as ITC, and sale also the same month. Is it right sir?
Sivaramaraju G
(Learner)
(2398 Points)
Replied 05 December 2019
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1314 Points)
Replied 05 December 2019
An instrument we bought from supplier with our name displayed in that instrument for the purpose of not for sale . Then we fix to the customer end at free of cost but with some deposit ( like bsnl brodband router). Is this capital goods or not? can we claim itc or not?
CAclubindia
