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TMI BlogHead office input credit for rent paidX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, factory premises in Himachal pradesh and head office in Delhi. Company takes registration only in Himachal pradesh and no registration in Delhi because there is no supply. Now, company own furniture, A/c and rent payment in Delhi, how they can take benefit of input credit accumulate at Delhi and where such input credit is utillised. Whether it is advisable to take GST number at Delhi and ho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w they can transfer credit from Delhi to Himachal Pradesh. - Reply By ABHISHEK TRIPATHI - The Reply = Dear Karan Verma Ji, The company in the Himachal is only entitled to claim ITC as it is a registered person. So, if the invoices (for Furniture, AC, Rent etc.) are raised on Himachal then only you are entitled to ITC. Hope your invoices (for Furniture, AC, Rent etc.) are not raised on Delhi-H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ead Office (unregistered cannot avail ITC). After that credit utilization section(s) 49 , 49A and 49B may be referred. After even taking registration for Delhi Office, you just cannot transfer the credit. Law doesn t allow such transfer other than exceptions like S. 18(3) . - Reply By Brijesh Thakar - The Reply = If possible, take registration as ISD and comply with provisions of secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 20 for taking ITC - Reply By ABHISHEK TRIPATHI - The Reply = Dear Sir, ISD is for the distribution of ' input services '. ISD doesn't entitle you to get credit, section 16 does. How will ISD registration in this particular case will of any help? - Reply By Brijesh Thakar - The Reply = ISD is not for distribution of service but for distribution of credit. The whole concept of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ISD from service tax era is for distribution of credit by head office to it's branches in case where invoice is in the name of HO and service is used by branches whether directly or indirectly.You can refer section 20 of the CGST Act . - Reply By KASTURI SETHI - The Reply = Sh.Brijesh Thakar Ji, As per Section 2(61) of CGST Act , an ISD can distribute the credit of Central Tax, St ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate tax, Integrated Tax or Union Territory Tax paid on input services only and not of credit of GST paid on goods. Am I right, Sir ? - Reply By Brijesh Thakar - The Reply = Ji sir, Perhaps I haven't been able to explain properly. I have only written about transfer of credit of input services. It is a concept taken from service tax. I answered reading the heading of credit of rent p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid. As far as I know, under GST, credit of goods cannot be transferred without transfer of goods. To transfer ITC of goods, goods also needs to be transferred. But in case of service, ISD can help. - Head office input credit for rent paid - Query Started By: - KARAN VERMA Dated:- 5-4-2021 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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