GST ITC for Jul17 to march 18
Query (Issue) Started By: – Madhavan iyengar Dated:- 16-1-2019 Last Reply Date:- 19-1-2019 Goods and Services Tax – GST
Got 6 Replies
GST
Sirs
\nA company has not availed ITC of some invoices of services of the period July 17 to March 18,
\nby virtue of the order 02\/2018 issued by CBIC dated 31\/12\/2018 can this ITC be availed now in Dec 2018
\nCan RCM Liability of IGST on import of services \/ local CGST\/SGST which was not paid during period July 17 to march 18 be paid now and the ITC of RCM be availed in Dec 2018 after payment.
\nReply By SHARAD ANADA:
\nThe Reply:
\nYes, you can claim ITC. As per order, registered person can claim "Input Tax Credit" till 31.03.2019.
\nAs per sec 2(63) Input tax <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n M credit : = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST ITC for Jul17 to march 18 Query (Issue) Started By: – Madhavan iyengar Dated:- 16-1-2019 Last Reply Date:- 19-1-2019 Goods and Services Tax – GSTGot 6 RepliesGSTSirs A company has not availed ITC of some invoices of services of the period July 17 to March 18, by virtue of the order 02\/2018 issued by … Continue reading “GST ITC for Jul17 to march 18”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16187","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16187"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16187\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nRCM not paid on local and imported services during period of july 17 to march 18 ( invoices pertain to the said period) can the RCM be paid now in Dec 2018 and credit of the said ITC on RCM paid in Dec 2018 be taken in 3B return for December 2018 by virtue of the order 02\/2018 issued by CBIC dated 31\/12\/2018
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nSir, you have not paid RCM but would have raised a self invoice in FY 2017-18. If this is so, then ITC can be availed. Otherwise, if you raising a self invoice in current date then RCM is payable now and since self invoice is dated in current date ITC can be claimed considering invoice of FY 2018-19.
\nReply By Madhavan iyengar:
\nThe Reply:
\nsir in the case of rcm the time of supply as p<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n