Home Forum Goods and Services Tax - GST Month 11 2017 2017 (11) This
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Distrubution of ISD credit - Goods and Services Tax - GSTExtract Dear Professionals, Query No 1 The procedure for disturbution of input tax credit by ISD , the assessee is partnership firm having more than two GSTN in different states but on same PAN number. Can the excess ITC be adjusted with the liability of tax payable in another state under section 20 of CGST Act,2017 ? Query No 2 As per 23rd GST Council meeting in Guwahati most of items have been shifted from 28% to 18% On the date of effecting notification the stock of material lying on effecting date the rate of tax paid @28% but post effect the rate will be 18% on outward supply. Now our query is eligible ITC is on 28% or 18% because in VAT period most of assessing officer had revered the ITC as in those cases also the same condition prevailed. Thanks Regards J S Uppal Tax Consultant
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