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ITC credit
I ordered to buy raw materials in 1st week of June, 2017. Invoice issued in June 25th and goods received on 5th july in my factory accordingly entered in books of accounts on 5th ju ly. 2017. Since goods received on condition of payment within sixty days of invoice. how to take credit. what is the provision which enabeles to take credit.
Replies (1)
your invoice before 1 st July 2017 but received after 1st July. than you can claim input tax credit in filing TAN 1. please refer TAN 1
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