26 November 2015
OUrs is a new factory establlished, where we availed input on captial goods. but now factory is under trail, can we take input on ED from the raw materials purchased for trails.
if so please share the notification, and what is the time limit.
Also please confirm what is the time limit for taking credit from left out bills
26 November 2015
Yes you can take credit. There is few case law is also available on that.. You can take credit within 1 year from the date of invoice u/r 9.
CAclubindia
