Are inter-state purchases eligible for Input Tax Credit ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kruthika asked about 3 years ago

Are inter-state purchases eligible for Input Tax Credit ?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered almost 3 years ago

In The Present the inter - state purchase is not eligible for input tax credit . because it is limitation of our present indirect tax. But in the Goods And Service Tax [GST] , This Problem is Solved in this act. in this Inter-state purchase are also eligible for input tax purchase. in my opinion gst will come from 01-04-2016.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Amit Goyal answered about 3 years ago

Dear Kruthika ji , Good Afternoon As Far as your query is concerned with : - Are inter-state purchases eligible for Input Tax Credit ? Let me infomed kruthika ji , In The Present the inter - state purchase is not eligible for input tax credit . because it is limitation of our present indirect tax. But in the Goods And Service Tax [GST] , This Problem is Solved in this act. in this Inter-state purchase are also eligible for input tax purchase. in my opinion gst will come from 01-04-2016. Thanks With Best Regards Amit Goyal

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered about 3 years ago

Input tax credit will not be available on Inter State purchases for the obvious reason that your State cannot be expected to give credit for the tax paid in the State of the selling dealer.

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