Question

When input gst is chargable​

Answer 1

Answer:

Your inputs supplier must have paid government the GST charged in respect of such a supply. As per section 39, you should have filed the returns. In case you receive goods in lots or installments, you can claim ITC when the last lot is received.

Explanation:

Input Tax Credit means reducing the taxes paid on inputs from taxes to be paid on output. When any supply of services or goods is supplied to a taxable person, the GST charged is known as Input Tax. ... Input Tax Credit is also viable to a dealer who has purchased good to resale.

Answer 2

Answer:

Your inputs supplier must have paid government the GST charged in respect of such a supply. As per section 39, you should have filed the returns. In case you receive goods in lots or installments, you can claim ITC when the last lot is received.