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    Posted By : NISHA / Published on : 23-Feb-2018 10:33 PM / View : 614 / Comment : 2

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    Our company has input credit on Excise and Vat of the end of June 17, Shall we adjust closing balance input credit in July, i.e, GST month sale. If yes please advice us the procedure to follow. We have received an order from our Chennai ( local ) customer, but material delivers to Chhattisgarh. In this transaction, IGST will applicable or SGST and CGST applicable?
    Read more on : credit input

    • Dear Nisha,

      ITC in case of stock held as on 30th june, 2017 can be claimed by filing Form Tran-1 wherein all the details of ITC and stock shall be disclosed. After filing of Form Tran-1 the electronic credit ledger shall be credited. The said ITC shall be utilized at the time of filing of GSTR-3.
      Since the goods are received in Chattisgarh so the place of supply shall be Chattisgarh, therefore, it shall be treated as an interstate supply and IGST shall be charged.

      23-02-2018 / 04:40:08 AM
    • IGST will be applicable at the second stage as at the first stage, Chennai based Supplier will raise Invoice to Chennai based Customer (Intra-state Supply) then Chennai based Customer will raise Invoice to Chhattisgarh based Recipient (inter-state Supply).

      28-07-2018 / 08:29:31 PM
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