Input Tax Credit against Stock Transfer from factory to godown

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..... XYZ having manufacturing unit at Gujarat and godown in Maharashtra. When the goods are stock transferred from Gujarat to Maharashtra, GST is paid on it being distinct person concept under GST provisio .....

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..... ns and Maharashtra is taking credit of the GST charged by Gujarat. However, since both are same entity, there is no payment made by Maharashtra to Gujarat. Can the GST authorities deny the credit to M .....

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..... aharashtra since one of the conditions is payment to be made to the supplier within 6 months? - Reply By SHARAD ANADA - The Reply = Refer Rule 37. Reversal of input tax credit in the case of non-pa .....

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..... yment of consideration .-(1) Provided that the value of supplies made without consideration as specified in Schedule I of the said Act shall be deemed to have been paid for the purposes of the seco .....

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..... nd proviso to sub-section (2) of section 16 : - Reply By YAGAY andSUN - The Reply = Through Book adjustment it would be deemed to have paid. - Reply By Mahadev R - The Reply = Agree with Sharad .....

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..... - Reply By Ganeshan Kalyani - The Reply = It is deemed that payment is made as per GST provision. - Input Tax Credit against Stock Transfer from factory to godown - Query Started By: - Kaustubh Ka .....

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..... randikar Dated:- 19-1-2019 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementin .....

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..... dia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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