X purchased goods from Y and instead of making actual payment to Y against this purchase, the amount was adjusted against purchases made by Y from X. Can X claim Input Tax credit against purchases made from Y since one of the conditions for claiming ITC is payment should be made to the supplier within 6 months from the date of invoice? Please guide.
Input Tax Credit
Kaustubh Ram Karandikar (Corporate Consultant- Central Excise & Service Tax) (519 Points)
22 June 2020
CAclubindia
