Goods are purchased from A by B for the month of September'17 and invoice was received on September'17 but goods were delivered in October. Amount of Cgst and Sgst is 24000 rupees. When can Input tax credit be availed and for how much?
Goods are purchased from A by B for the month of September'17 and invoice was received on September'17 but goods were delivered in October. Amount of Cgst and Sgst is 24000 rupees. When can Input tax credit be availed and for how much?
Input tax credit of Rs.24,000 can be availed in the month of October.
So receipt of invoice is not deemed as receipt of goods?
it is deemed to be received by bill to party in case of bill to ship to transactions.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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