CAN CLAIM GST

[PRADEEP SHUKLA]

Hello Experts,

I would like to know that our compnay has purchased a laptop from Amazon.in & done payment from company current account. I have received a invoice from Amazon.in along with party details with GST who has supplied the same with our company details & GST No. Now I want to know that can we claim the GST input as per charged in Bill ??

Please guide me what to do in this cases ??

With Best Regards

Pradeep Shukla

[Rajagopalan Ranganathan]

Sir,

As sub-section (2) of Section 16 of CGST Act, 2017 registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him provided (i) he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed and (ii) he has received the goods or services or both.

In view of the above you are entitled to take credit of gst as per invoice issued by the supplier.

[PAWAN KUMAR]

i agree with the reply of Sh.Rajgopalan Sir.

[KASTURI SETHI]

I agree with both experts. The question is why doubt is raised in querist's mind ?

[Ganeshan Kalyani]

With effect from 9th Oct 2019 a new rule has come that if the details appear in your 2A report that you can claim full credit, otherwise a restriction is provided in the Cicular 123. So, kindly see the invoice date. Also it is to be understood that if laptop is capitalised in the books then credit cannot be claimed. Also the outward supply should be taxable.

AI Summary

Input tax credit depends on possession of a tax invoice, receipt of goods, and compliance with return matching rules.
Entitlement to input tax credit requires possession of a tax invoice or prescribed document issued by a registered supplier and actual receipt of the goods or services; an invoice issued in the purchaser's name with supplier GST details typically permits claiming the credit. However, return matching requirements for invoice visibility and administrative circular restrictions can limit credit, and capitalization of the laptop or non taxable outward supplies affects availability of credit.