gst credit eligibility

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..... gst credit eligibility
Query (Issue) Started By: - Ramakrishnan Seshadri Dated:- 21-10-2018 Last Reply Date:- 26-10-2018 Goods and Services Tax - GST
Got 5 Replies
GST
Dear experts, We are the manufacturer of automobile parts and supplying to our OEM customer.We had doubt. We have developed a new supplier outside the state and he supplied the parts. He cleared the goods and book the .....

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..... consignment through transport agency . The consignment receives at the transporter godown . He stocks the consignment at transporter godown and he is delivering the goods as and when required . Our question is whether this is correct or not. The invoice date will be 2 months before but the receipt date will be today from transporter place. gst credit is eligible or not. Please clarify how to go a .....

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..... bout it. Thanks & Regards, S.Ramakrishnan Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Section 18 (2) of CGST Act, 2017 " A registered person shall not be entitled to take input tax credit under sub-section (1) in respect of any supply of goods or services or both to him after the expiry of one year from the date of issue of tax invoice relating to such supply. " .....

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..... Therefore though the inputs are brought to your business premises even after two months from the date of invoice and the credit is taken by you within one year from the date of invoice the method followed by is legally tenable. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: You are eligible to take input tax credit. Reply By KASTURI SETHI: The Reply: I support the views of both experts. Reply .....

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..... By Ganeshan Kalyani: The Reply: I am also of the view that GST credit is eligible. Reply By YAGAY andSUN: The Reply: Circular No. 61/35/2018-GST
Discussion Forum - Knowledge Sharing .....

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