Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
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

← Previous Next →

input credit, Goods and Services Tax - GST

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

  • Contents

sir,

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

Post Reply

Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 15-7-2020
By:- KASTURI SETHI

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

Shri.

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
By:- DR.MARIAPPAN GOVINDARAJAN

I also endorse the views of Kasthuriji.


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

Hi Sir

Can i claim gst on cycle


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||