NOT ENTERING OUR GST NUMBER IN INVOICE

[SURYAKANT MITHBAVKAR]

We have manufacture unit and buying Mobile Handset to our employees from The Mobile Stores. The Mobile stores raised us invoice with GST charged extra.

Now, since we can avail ITC as the expenses are furtherance of business we require to The mobile store as mention our GST Number in their invoice. We asked them accordingly but there answer is that we are not charging you GST extra our prices are inclusive of GST.

In above case whether we can avail of ITC or not.

Before GST implementation. we are availing ITC on such transaction.

AI Summary

Input Tax Credit eligibility depends on GST being paid and documented; composition scheme invoices disqualify credit.
If supplier prices are "inclusive of GST," the purchaser may claim Input Tax Credit if the supply is for the course or furtherance of business and statutory conditions are met; however, no credit is available against invoices issued by composition scheme dealers. To substantiate credit, the purchaser should obtain invoices or breakups showing transaction value and tax components (CGST/SGST/IGST) and seek retrospective or future invoices with separate tax and value details.