Question ID :
36911
REVERSE CHANGE ON TRANSPORT FOR F Y 17-18
REVERSE CHARGE ON TRANSPORT FOR F Y 17-18, IF PAID IN 18-19 NOW SAY ON 28 DEC 2018, CAN WE TAKE INPUT CREDIT OF THE SAME IN GST 3 B OF DEC 18
Posted by
pradeep kumar agrawal
on
Dec 29, 2018
Filed Under
GST
Answer ID :
76116
If the Time of Supply of Service u/s 13 of CGST Act falls in FY 2018-19 - the ITC is eligible otherwise you may not be able to claim the ITC.
Time of Supply for RCM Services u/s 13 (3) of CGST Act is earlier of following :
(a) Date of Payment to Transporter
(b) Invoice of Transporter + 60 Days
(c) if (a) & (b) are unknown - Date of entry of such service in your books
Posted by
Ashish Kumar Goyal on
Dec 29, 2018
Answer ID :
76147
Vide Order No. 2/2018 – Central Tax dt.31.12.2018, a proviso has been inserted in Section 16(4) of the CGST Act,2017 to provide that the registered person shall be entitled to avail ITC till the due date of filing of return for the month of March 2019. Hence, the order has extended the time limit for taking credit pertaining to the invoices relating to FY 2017-18.
Posted by
Vikram Katariya on
Jan 04, 2019