1) we do advance payment to freight vendor of rs.9000/-gst amount.
Then can we avail credit on advanced payment made to vendor?
2) can we take credit in same month or subsequent month for payment of reverse charge mechanism?
pls reply...
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advance payment of rcm
Replies (2)
NO ITC on advance pmt..it can be availed after the goods or service received by you and on the basis of Final Invoice received.
Respected Sir, What about question no.2) answer please...
my question is at the time of file gstr 3b we have take the credit of reverse charge mechanism for the month of July. where payment of RCM month of July 17 do in the month of Aug 17.
my question is at the time of file gstr 3b we have take the credit of reverse charge mechanism for the month of July. where payment of RCM month of July 17 do in the month of Aug 17.
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