I am an owner of a class, the professors teaching in the class complete their services by 12th December, 2020.
But I have paid their salary in lump sum in May 2020
Was it possible for me to claim ITC in May 2020?
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ITC on advance receipt of Services
Replies (1)
Yes, there is a GST on advance payment of against services Receivable, Professor need to pay GST on advance payment received by them and you can take ITC
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