Goods are purchased from A by B for the month of September'17 and invoice was received on September'17 but goods were delivered in October. Amount of Cgst and Sgst is 24000 rupees. When can Input tax credit be availed and for how much?
Nand Kishore Agarwala (10 Points)
07 May 2018Goods are purchased from A by B for the month of September'17 and invoice was received on September'17 but goods were delivered in October. Amount of Cgst and Sgst is 24000 rupees. When can Input tax credit be availed and for how much?
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 07 May 2018
Input tax credit of Rs.24,000 can be availed in the month of October.
Nand Kishore Agarwala
(10 Points)
Replied 07 May 2018
So receipt of invoice is not deemed as receipt of goods?
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 07 May 2018
it is deemed to be received by bill to party in case of bill to ship to transactions.
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