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Itc taken or not?
Is buyer Co. can take Itc against gst purchase bill which is not printed .the bill is written in hand and the vendor is registered.
Replies (6)
The buyer can take the input provided if the seller has mentioned buyers GSTN of buyer and uploaded his sales in GSTR1
Seller dealer upload the invoice in GSTR1 mentioned the buyer GST Number and other details.
Buyer can claim itc in this case
Legally - No,
Practically - Yes.
It is recommended to Get the duplicate Invoice from seller, since as per rules you're not eligible to take ITC unless you possess a valid invoice
Practically - Yes.
It is recommended to Get the duplicate Invoice from seller, since as per rules you're not eligible to take ITC unless you possess a valid invoice
If all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 is satisfied, then YES you can claim ITC. Following are the Four conditions :
1). Possession of a valid Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the taxes.
4). Recipient must have filed the Return.
If all the above mentioned four conditions are satisfied then you can claim ITC provided that the Tax Invoice is issued in accordance with the Provision of Section 31 of the CGST Act 2017.
1). Possession of a valid Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the taxes.
4). Recipient must have filed the Return.
If all the above mentioned four conditions are satisfied then you can claim ITC provided that the Tax Invoice is issued in accordance with the Provision of Section 31 of the CGST Act 2017.
Agree with Shivam RC... the most important thing that the supplier upload the details in his GSTR 1 with correct details to avoid any loss of credit
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