Tag Archives: #ClaimingAdvantages

Can I ,Claim GST Input Credit if I buy a mobile phone in the name of my shop and use it for personal purposes? (My shop has a GST number and I pay GST monthly)

Claim GST Input Credit When it comes to claiming GST input credit for a mobile phone purchased in the name of your shop but used for personal purposes, there are certain factors to consider. As an individual with a shop that has a GST number and pays GST monthly. You may wonder if you… Read More »

Can I claim ITC on the GST paid under the RCM?

Input Tax Credit However, it’s important to understand that not all goods and services are subject to RCM. GST is only applicable under the Reverse Charge Mechanism (RCM) in specific situations as specified by the government. For instance, RCM applies to services provided by a goods transport agency, legal services, services provided by an… Read More »

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