Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

gst credit eligibility, Goods and Services Tax - GST

Issue Id: - 114254
Dated: 21-10-2018
By:- Ramakrishnan Seshadri

gst credit eligibility


  • Contents

Dear experts,

We are the manufacturer of automobile parts and supplying to our OEM customer.We had doubt. We have developed a new supplier outside the state and he supplied the parts. He cleared the goods and book the consignment through transport agency . The consignment receives at the transporter godown . He stocks the consignment at transporter godown and he is delivering the goods as and when required . Our question is whether this is correct or not. The invoice date will be 2 months before but the receipt date will be today from transporter place. gst credit is eligible or not.

Please clarify how to go about it.

Thanks & Regards,

S.Ramakrishnan

Posts / Replies

Showing Replies 1 to 5 of 5 Records

Page: 1


1 Dated: 21-10-2018
By:- Rajagopalan Ranganathan

Sir,

According to Section 18 (2) of CGST Act, 2017 " A registered person shall not be entitled to take input tax credit under sub-section (1) in respect of any supply of goods or services or both to him after the expiry of one year from the date of issue of tax invoice relating to such supply. "

Therefore though the inputs are brought to your business premises even after two months from the date of invoice and the credit is taken by you within one year from the date of invoice the method followed by is legally tenable.


2 Dated: 22-10-2018
By:- DR.MARIAPPAN GOVINDARAJAN

You are eligible to take input tax credit.


3 Dated: 22-10-2018
By:- KASTURI SETHI

I support the views of both experts.


4 Dated: 22-10-2018
By:- Ganeshan Kalyani

I am also of the view that GST credit is eligible.


5 Dated: 26-10-2018
By:- YAGAY andSUN

Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates