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?
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Itc on purchases
Replies (4)
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.
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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