Is there any Interest applicable in TDS if we received late vendor invoice from vendor ?

This query is : Resolved 
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This discussion explores whether interest is applicable on Tax Deducted at Source (TDS) payments when a vendor invoice is received late. The consensus is that if the invoice pertains to a previous month (e.g., October) but is received in the current month (e.g., November), no interest is payable on the TDS if no liability was recorded in the accounts for the original month. Additionally, for Goods and Services Tax (GST) purposes, Input Tax Credit (ITC) can only be claimed in the month the tax invoice is received, meaning ITC for an October invoice received in November would be claimed in November.

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(Querist)
07 December 2022 If vendor bill of October month we received in November months , so is it interest applicable on TDS payment made.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 December 2022 No interest payable if no liability created in accounts in October.
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vivek

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vivek (Querist)
09 December 2022 thank you sir,
but for GST point of view can we avail ITC in October or November month for such bill.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2022 Tax Invoice received in November so ITC can be availed in November only.
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