GST Query- INPUT

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..... GST Query- INPUT
Query (Issue) Started By: - S VENKAT Dated:- 13-10-2017 Last Reply Date:- 15-10-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Suppose a person who is having GST registration in Hyderabad (Telangana) purchases some goods in chennai and uses them in chennai itself. Since there is no movement of goods, the supplier charges CGST and SGST. Can the buyer who is situat .....

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..... ed in Hyderabad(Telangana) take the input credit of SGST and CGST? or Does he have to insist on receiving IGST invoice to get the credit? Reply By RAJA SWAMINATHAN: The Reply: As per my View the Vendor has to be registered in the State of Tamil Nadu for claiming input Credit. Since the transaction has been completed with in the state of TN IGST invoice cannot be obtained. I Reply By KASTURI SET .....

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..... HI: The Reply: I support the views of Sh.Swaminathan, Sir. Reply By Himansu Sekhar: The Reply: He cannot take the credit of cgst and sgst of another state. FAQ has been released in this regard. Reply By Chhatra Jain: The Reply: Suppose TN supplier A at the instruction of Hyderabad party supplies goods to party B in TN.In my view supplier A in TN should issues invoice in " bill to ship to .....

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..... " format. TN supplier A will issue bill to Hyderabad party and in the same invoice mention TN party B to whom goods were delivered as consignee and charge IGST. Again Hyderabad buyer will issue invoice on TN party B charging IGST to whom goods were delivered by A in TN . In this case IGST will be adjusted. Even though there is no inter state movement of goods but IGST is applicable in both bi .....

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..... llings. But in no case CGST and SGST of TN can not be adjusted against Telangana CGST and SGST if party A issues invoice charging CGST and SGST. Reply By Kishan Barai: The Reply: I support the views of Shree Chhatra Jain Because its a "Bill to" , "Ship to" transaction & IGST has to be charged in bill by a supplier.
Discussion Forum - Knowledge Sharing .....

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