Yes, you can claim GST back on your order from Industrybuying if you're eligible. The process to claim GST depends on whether you're a business registered under GST and if the purchase is for business purposes.
Here’s how you can claim GST back:
1. GST Claim Eligibility:
- GST Registered Business: If you are a GST-registered business, you can claim the Input Tax Credit (ITC) for the GST paid on products or services purchased for your business.
- GST Invoice: You must ensure that you have received a valid GST invoice from Industrybuying. This invoice will include your GSTIN (Goods and Services Tax Identification Number) and the applicable GST rate (CGST, SGST, or IGST).
- Business Purpose: The goods or services must be purchased for business purposes, not for personal use.
2. How to Claim GST:
- Obtain a Tax Invoice: Ensure you download the GST-compliant tax invoice from your Industrybuying account. This invoice is necessary for claiming the GST credit.
- Record the Transaction: You will need to enter the purchase details (including the GST paid) in your GST returns during the filing process.
- File GST Returns:
- For GST-registered businesses, the GST paid on the purchases (Input GST) can be used as credit against the GST collected on sales (Output GST).
- When you file your GST returns (GSTR-3B), you can offset the Input Tax Credit (ITC) against your output liability.
3. Steps to File GST Returns:
- Login to the GST portal (https://www.gst.gov.in).
- Fill in GSTR-1 (Sales) and GSTR-3B (Summary of Outward and Inward Supplies).
- Ensure that the GST paid on your purchases from Industrybuying is reflected in your Input Tax Credit section of the return.
- After filing, the ITC will be credited to your GST account, which can be used to pay any future GST liabilities.
Note:
If you are not GST registered or purchasing for personal use, you will not be able to claim back GST.
For any further clarification or assistance with claiming GST, you can contact Industrybuying's customer support at:
- Email: care@Industrybuying.com
- Phone: +91 9650660070
They can help you with obtaining the correct invoice or addressing any queries about GST claims.