Dear Sir,
Our Company has Many branches in india. My Query is that if we do branches transferred and not make payment of that particular branch transfer amount. We will eligible for claim itc of that invoice ?
thanks
D.K. Sharma
Menu
ITC Eligible on Branch transfer amount Without payment of that invoice
Replies (1)
You are not eligible to claim ITC if you do not make the payment for the invoice within the statutory time limit (180 days). Furthermore, for the ITC to be valid, the supplying branch must have correctly issued a tax invoice and discharged the tax liability to the government. If the payment is not made, you must reverse the credit.
Recent Topics :
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
Related Topics :
CAclubindia
