Input tax on advance paid
NAVEEN (Sr.ACCOUNTANT) (261 Points)
07 July 2017
If a buyer had made advance for a supply whether he will be elegiable of input tax on advance
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174763 Points)
Replied 07 July 2017
Any doubt? .... provided gst paid over it.
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 07 July 2017
No.... He ll be take ITC on the suplly of Goods/Services
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 07 July 2017
NAVEEN
(Sr.ACCOUNTANT)
(261 Points)
Replied 07 July 2017
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 07 July 2017
Yes... It's mandatory on booking of Tax in Advance. And maintain the Vouchers also.
NAVEEN
(Sr.ACCOUNTANT)
(261 Points)
Replied 07 July 2017
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