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?
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?
No...ITC is allowed only when you have received not only the invoice but also the goods.
Yes... I agreed wth Mr Vinod Araveti...!
When you received the goods then only you can claim ITC for the Received month...
Thanks. who will tell our CA? He is not agree.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
