Is there any Interest applicable in TDS if we received late vendor invoice from vendor ?
This query is : Resolved
Quick Summary
07 December 2022
If vendor bill of October month we received in November months , so is it interest applicable on TDS payment made.
CA R SEETHARAMAN
(Expert)
07 December 2022
No interest payable if no liability created in accounts in October.
Message likes :
1 times
09 December 2022
thank you sir,
but for GST point of view can we avail ITC in October or November month for such bill.
but for GST point of view can we avail ITC in October or November month for such bill.
CA R SEETHARAMAN
(Expert)
09 December 2022
Tax Invoice received in November so ITC can be availed in November only.
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