Regarding itc
This query is : Resolved
20 March 2020
contracter recived payment againest their supplies like cement ,greet etc for a government tendar ,then how could he take itc of their supllies..i m confused
CA Anita Bhadra
(Expert)
21 March 2020
You are entitled to claim input tax credit only upon fulfillment of the normal conditions {Section 16(2) of CGST Act i.e - received the goods, possession of tax invoice etc
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