If a purchase bill is in preceeding month & material received in next month, is ITC allowed in the month in which TAX invoice hase been made?
4 Replies
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 16 October 2017
No...ITC is allowed only when you have received not only the invoice but also the goods.
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 16 October 2017
Yes... I agreed wth Mr Vinod Araveti...!
When you received the goods then only you can claim ITC for the Received month...
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 16 October 2017
You just ask it follows.,
The bill date 25th, Received goods on 10th (next month). between time any incidents or theft is on transportation then how to claim any others....
The bill date 25th, Received goods on 10th (next month). between time any incidents or theft is on transportation then how to claim any others....
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