Question ID :
44622
532589
A Private Ltd Company has 2 GSTIN in different states. In Delhi, they are dealing in trading of agricultural equipments and is mainly importing the goods. In Haryana, they are dealing in manufacturing of steel products. They have excess ITC balance in Haryana and almost every month, they pay GST liability in Delhi. Now, they want to sell the old obsolete stock from Delhi. Now, my question is whether how they can utilise the excess ITC Balance of Haryana in a legal way to set off the liability in Delhi GSTIN. Is there any legal channel to save the working capital of the company? I f yes, then please let me know.
Thanks in advance.
Posted by
HARSHIT BANSAL
on
Mar 19, 2024
Filed Under
GST
NO. They are not even in the same line of business. It is not possible. If there is any relation to business then you can raise a tax invoice in delhi by selling goods to Haryana thereby you can utilise the ITC in delhi and claim in Haryana.
Posted by
VINAY BHARGAV KUMAR G on
Mar 25, 2024