gst credit eligibility

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..... 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 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 wh .....

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..... en 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 about 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 .....

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..... 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. 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 i .....

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..... nvoice 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 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 - gst .....

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..... credit eligibility - Query Started By: - Ramakrishnan Seshadri Dated:- 21-10-2018 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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