Can an input credit on ST paid on quotation or estimate bill can be availed and whether the exp can be allowed as deduction on quotation basis under IT act in the absence of original invoice.
Can an input credit on ST paid on quotation or estimate bill can be availed and whether the exp can be allowed as deduction on quotation basis under IT act in the absence of original invoice.
I think the answer is no because quotation/estimate does not justify service availed.
As per rule 9 of CCR, cenvat credit can be taken based on the any of the following documents:
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
