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Vivek

Vivek Lala  | Answer  |Ask -

Tax, MF Expert - Answered on Mar 20, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Dharam Question by Dharam on Feb 17, 2023Hindi
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Can I claim Gst accrued on purchase of commercial vehicle in billing of transport services provided by me if gst charged of forward charge basis of 12%

Ans: Yes
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

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Mutual Funds, Financial Planning Expert - Answered on Feb 04, 2025

Asked by Anonymous - Aug 08, 2024Hindi
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Hello sir Very very afternoon How To Claim Tax Amount With Out GST Number.
Ans: If you do not have a GST number, you cannot claim GST input tax credit (ITC) or get a refund of GST paid on purchases. However, depending on your situation, there are some ways to manage taxes:

1. If You Are a Salaried Employee
You don’t need a GST number to file income tax returns.
You can claim deductions under Section 80C, 80D, HRA, and other sections to reduce taxable income.
If TDS is deducted, file ITR to claim excess tax refund.
2. If You Are a Business Owner or Freelancer (Without GST Number)
If your turnover is below Rs 20 lakh (service) or Rs 40 lakh (goods), GST registration is not mandatory.
You cannot charge GST on invoices or claim input tax credit on business expenses.
Instead, show expenses as deductions under income tax rules.
3. If You Paid GST but Do Not Have a GST Number
If you have paid GST on any purchase, but you don’t have a GSTIN, you cannot claim ITC.
However, you can include those expenses as business costs to reduce income tax.
4. If You Are Eligible for GST Registration
If your business turnover exceeds the GST threshold, register for GST to claim ITC.
If you voluntarily register for GST, you can claim ITC on future purchases.
5. If You Want a GST Refund Without a GST Number
GST refunds are usually only for registered businesses.
If you are an exporter or have made a zero-rated supply, you need a GST number to claim refunds.
If you were wrongly charged GST, you can request the seller for a refund or avoid paying GST on exempted items.
Final Insights
Without a GST number, you cannot claim GST input tax credit.
For salaried employees, claim deductions under income tax laws.
For businesses, show expenses to reduce taxable income.
If eligible, register for GST to claim ITC and get refunds.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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