banner_ad

ITC Credit

ITC / Input 282 views 6 replies
User Avatar

37 Points Posted on 28 February 2018

As per ITC rules we can take credit after coplitition of service and goods

so my question is how can I take credit of AMC bill where service will be complite after one year.

example. vendor provide bill for 1.8.17 to 31.7.19 for any machine maintenance

0 Reply Share Follow
On 28 February 2018 at 00:32 Report
Replies (6)
User Avatar

Student
3154 Points Posted on 28 February 2018
in my opinion we can't take such ITC.
Reply
On 28 February 2018 at 00:50
User Avatar

66 Points Posted on 28 February 2018
u should check out the conditions applicable for cases
Reply
On 28 February 2018 at 01:11
User Avatar

a
1262 Points Posted on 28 February 2018
avishek AMC service is a continuous supply of services. it will be deemed to complete on periodical payment. Hence you can take itc on deemed completion i.e. periodical payments date.
Reply
On 28 February 2018 at 07:49
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 28 February 2018
Nothing...

ITC will be avail based on Invoice. So, You can take ITC if the Service Provider gave to Invoice...
Reply
On 28 February 2018 at 09:17
User Avatar

Chartered Accountant
108 Points Posted on 28 February 2018
with due respect to everyone s suggestion, i would say that in case of AMC where the performance of service is spread over the period as agreed it would be better to take the portion of ITC every month end.
Correct me if I am wrong.
Reply
On 28 February 2018 at 09:23
User Avatar

497 Points Posted on 28 February 2018
But how u will claim the input at the time of gstr2
Reply
On 28 February 2018 at 12:45


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details