Sir,
can I take credit against xerox invoice. If yes please provide the rules or notification
Credit
Avishek Mukherjee (37 Points)
15 January 2019
5 Replies
pritesh
(CA Final student)
(7101 Points)
Replied 15 January 2019
if they are charging gst then you can take itc..
it is. an general rule if it is furtherance of business then you can claim itc
section 16 deals with condition to claim itc
it is. an general rule if it is furtherance of business then you can claim itc
section 16 deals with condition to claim itc
saurabh sawlani
(2191 Points)
Replied 16 January 2019
Also invoice must bear gstin and company name in it for claiming ITC.
Nandini H Gupta
(Chartered Accountant )
(369 Points)
Replied 16 January 2019
Precondition of ITC Section 16: no registered person shall be entitled to the credit of any input tax unless "he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed"
So credit on xerox invoice could be denied, if credit amount is huge then check GSTR 2A and seek duplicate invoice from vendor.
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