Can I claim full ITC on Prepaid
expense in single take, supplier already issue invoice for full period
I have paid licence fees for software use for 5 years for the period from 01.04.18 to 31.03.23
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ITC on Prepaid Expenses
Replies (4)
Yes you will claim all ITC input in one time.
Yes, you can take full ITC at one shot.
Yes... You can claim full ITC under GST.
But, Based on income tax You will split the expense upto 2023 and c/f the value...
But, Based on income tax You will split the expense upto 2023 and c/f the value...
Yes the whole of ITC Credit can be taken
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