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
Menu
ITC Credit
Replies (6)
in my opinion we can't take such ITC.
u should check out the conditions applicable for cases
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.
Nothing...
ITC will be avail based on Invoice. So, You can take ITC if the Service Provider gave to Invoice...
ITC will be avail based on Invoice. So, You can take ITC if the Service Provider gave to Invoice...
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.
Correct me if I am wrong.
But how u will claim the input at the time of gstr2
Recent Topics :
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
Related Topics :
CAclubindia
