Input tax on proforma invoice
SUMIT BADYAL (709 Points)
17 April 2021
hi, we take input tax credit both on the proforma invoice and a tax invoice in Feb 2021, how we correct it.
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 April 2021
Reverse the ITC you have taken
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 17 April 2021
Reverse that ITC in next month
sabyasachi mukherjee
(27574 Points)
Replied 17 April 2021
Proformas and actual tax invoice is seperate.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 17 April 2021
Reverse the excess ITC in current month along with interest payment.
sabyasachi mukherjee
(27574 Points)
Replied 17 April 2021
Pass a credit note for the proforma invoice part.
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