Elegibility of input tax credit taking

Goods are received in the month of July"17, but party raised in invoice in the same month but invoices are submitted to make payment in the month of Mar"18 and also accounted and payment made in the month of mar"18 and input tax credit will be receivied in the mar"18 Only.

as per sec 16(2). when payment is not made with in 180 days from the date of invoice. input tax credit will be disallowed and interest will be penalised.

can we take input tax credit on such invoice or not?
Replies (1)
You can take credit. Section you are referring to says you need to receive if you don't pay with in 180 days input credit. Subsequently when you make payment you are eligible to take credit

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details