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input credit, Goods and Services Tax - GST

Issue Id: - 116540
Dated: 15-7-2020
By:- shobiraj t
input credit

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sub: Request your kind advice - input credit availed (Trading of Goods)

we have availed input credit on motorbike (activa) during the year 2019-20, which is used for bank purpose and delivery of goods, but it is found that input credit is not allowed as stated by our consultant, kindly suggest the remedies

a) whether to refund the amount by submitting DRC 3 or we have a untilsed credit balance in our credit ledger , it is possible to reverse the claim in june 2020 GSTR-3B with interest

b) sir, whether it is possibe to claim input credit if we convert the private vehicle into commercial vehicle,

c) is it possible to reverse filed GSTR-3B of Jan 2020

kindly reply

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Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 15-7-2020

Query-wise reply is as under :-

1. Yes. You can reverse through GSTR 3 B for June, 20. Interest will be paid in cash. For reversal, read Table No.4 Column No.(B) ITC Reversed (2) Others . Reverse against 'Others'.

2. NO.

3. NO.

2 Dated: 15-7-2020
By:- Alkesh Jani


I agree with the precise and perfect answer of Shri Kasturiji Sir.

3 Dated: 16-7-2020
By:- Ganeshan Kalyani

I also agree with the reply of Sri Kasturi Sir.

4 Dated: 17-7-2020

I also endorse the views of Kasthuriji.

5 Dated: 18-7-2020
By:- ishan goel

Hi Sir

Can i claim gst on cycle


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