Can we claim GST on purchase of laptop?

To claim input credit under GST, you have to receive a tax invoice or debit note from the laptop supplier who is GST regitered. credit will be available against the tax invoice upon receipt of total laptops. Input credit is ONLY allowed if your supplier has paid all the tax he collected from you.

Can I claim GST on EMI purchase?

The answer is YES. Since in EMI case, your bank is paying the seller upfront for a discounted rate and thereby satisfying your liability towards the seller. In such a case, there is no reason that GST credit cannot be availed by you provided you satisfy other ITC rules. Hope this helps.

Can we claim GST for online purchase?

Input Credit Mechanism is available to you when you are covered under the GST Act. Which means if you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned here, registered under GST, You are eligible to claim INPUT CREDIT for tax paid by you on your PURCHASES.

Who can claim GST?

A registered person (including an Input Service Distributor) can claim Input tax credit on the strength of the following conditions: a) He must possess a Tax invoice issued by the supplier of goods or services or both or Debit note issued by a supplier b) He must have received supply of goods or services or both c) He …

Can you claim GST on Credit Card Fees?

Bank fees: Generally, annual fees, monthly fees and loan establishment fees are input-taxed, and therefore, there is no GST to claim. However, GST is charged on credit card merchants’ fees and therefore can be claimed. Only 50 per cent of the GST credits can be claimed.

Can I file a Nil Tax return under the GST?

No, you cannot. file a nil return if you had sales and expenses in that period even if you were under the $30,000 threshold. Once you have become a GST/HST registrant, you have to file your report with CRA at every reporting period to avoid late filing penalties and interest charges.

What is sales return under GST?

FAQs on Sales Return under GST Sales Return. A sales return is a transaction where the buyer of inventory or other items sends these goods back to the seller. It can be due to various reasons such as poor quality, defective items or extra items being ordered. Sales is an outward supply whereas Sales Return is an inward supply.

How do I file a nil return under gstr-3b for July-August?

You can file a Nil return just the way you file under return any taxable event. Just make the Sales, Output Tax, Input Tax and Payments Zero & submit. Following images have more information regarding GSTR-3B Filing for the months of July and August.

Can I file a nil return if I had sales?

No, you cannot file a nil return if you had sales and expenses in that period even if you were under the $30,000 threshold. Once you have become a GST/HST registrant, you have to file your report with CRA at every reporting period to avoid late filing penalties and interest charges.