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  1. Person should be in possession of Invoice/Debit Note/Other Documents
  2. He has Received Goods
  3. Tax Charged has Actually been paid to Government in Cash /Credit
  4. He has furnished GST Return

Example

Suppose Good Sold by A to B of Rs 100000+5% GST.

In this case, A has to deposit 5000 GST to the government

In this case, if A does not deposit this 5000 Output, then B will not get Input of the same in his Return

A can deposit this Output by

  • Either Paying Challan
  • Or Using his Input tax credit on purchase if available
  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
  • bhawna attri's image
    Dear Sir,

    1. If we want to take credit for office expenses(registered under gst), how can we claim ITC and is there any limit for expenses on which we claim ITC??
    2. Or sir jo office expenses hote h like salary, rent, printing n stationery etc. ye to hm annual basis p record krte h fr hm in expenses pr ITC kaise claim kre or kb claim kre GTR-1,GSTR-2, GSTR-3 m ya annual return m??
    3. Or sir in expenses ka invoice kiske naam p raise krenge?
    Thank You
    View answer
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