Menu
ITC On Advance payments
we have paid advance in 1 July and goods received 10 October can I claim ITC against output liability month of July
Replies (6)
input can be claimed upon receipt of invoice and goods. so you cannot claim input in July.
No, When you have received supply of goods /services at the time of You can take ITC...
as per section 16 itc can be claimed only if invoice or other receipt of payment is issued on which tax is mentioned properly
but there is also mentioned that goods services must be received
RCM ll be available is only receipt of Advances
thnku very much
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
