Tag Archives: Input tax credit

Can you use ITC to pay wrong ITC ?

By | March 26, 2019

Can you use ITC to pay wrong ITC ? गलत आईटीसी का भुगतान करने के लिए आईटीसी का उपयोग Related post How to Claim Excess ITC of GSTR 2A New Auto Reconciliation of Input Tax Credit on GST Portal How to Reverse Incorrect Input Tax Credit ? How to Claim Missed Input Tax Credit of… Read More »

ITC Reversal On Expired Items under GST

By | March 25, 2019

Distributor has inventory of expired drugs. As per the contract, the manufacturer will not accept return of expired drugs. Hence the distributor is forced to destroy. How to deal with reversal of ITC? Circular No. 72/46/2018 explains from the angle of Manufacturer, in case of return of expired drugs. but practically and genuinely there are… Read More »

How to claim Input Tax Credit on CCTV camera & fire fighting system under GST

By | May 25, 2018

Input Tax Credit on CCTV camera and fire fighting systems Video Lecture on Input Tax Credit on CCTV camera & fire fighting system [ Join online GST Course by CA Satbir Singh ] We have installed CCTV camera and fire fighting systems in our office premises. The invoices for the material are issued by the supplier… Read More »