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Input tax on proforma invoice

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709 Points Posted on 17 April 2021
hi, we take input tax credit both on the proforma invoice and a tax invoice in Feb 2021, how we correct it.
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On 17 April 2021 at 00:58 Report
Replies (5)
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Chartered Accountant
24588 Points Posted on 17 April 2021
Reverse the ITC you have taken
129 Reply
On 17 April 2021 at 06:03
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Chartered Accountant
86505 Points Posted on 17 April 2021
Reverse that ITC in next month
814 Reply
On 17 April 2021 at 06:29
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Profession Business
28207 Points Posted on 17 April 2021
Proformas and actual tax invoice is seperate.
44 Reply
On 17 April 2021 at 09:24
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Chartered Accountant
5010 Points Posted on 17 April 2021

Reverse the excess ITC in current month along with interest payment. 

8 Reply
On 17 April 2021 at 11:37
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Profession Business
28207 Points Posted on 17 April 2021

Pass a credit note for the proforma invoice part.

44 Reply
On 17 April 2021 at 14:27


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