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GST 50% input take or 100%

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(Querist)
11 May 2020 Hi All,

If we received Service Invoice for Rs.10000+18%GST=11800/- but we paid only 50% of amount to Vendor Rs.5900/- then how much GST Input we can take, 50% input or 100% Input GST.

Thanking you
Amruth
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 May 2020 You can take only 50% ITC.
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amruth

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amruth (Querist)
11 May 2020 Sir,
But at the time of Auditing, the auditor may in invoice ITC is 100%
how you take 50% ITC, means we have follow the Invoice ITC but payment to vendor is differnt.
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Gokul Sharma

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Gokul Sharma (Expert)
11 May 2020 yes you can take 100% if iTC but you should pay to party within time allowed.
otherwise you should have to reverse the ITC
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amruth

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amruth (Querist)
11 May 2020 Thanks very much Sir
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PAWAN KUMAR

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PAWAN KUMAR (Expert)
12 May 2020 Agreed with the views. Itc is taken in full but payment to supplier should with 180 days from date of invoice.
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PAWAN KUMAR

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PAWAN KUMAR (Expert)
12 May 2020 If payment not done within 180 days, reversal will be done of full itc with interest.
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amruth

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amruth (Querist)
16 May 2020 Thanks very much Sir
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