As per ITC rules we can take credit after coplitition of service and goods
so my question is how can I take credit of AMC bill where service will be complite after one year.
example. vendor provide bill for 1.8.17 to 31.7.19 for any machine maintenance
Menu
ITC Credit
Replies (6)
in my opinion we can't take such ITC.
u should check out the conditions applicable for cases
avishek AMC service is a continuous supply of services. it will be deemed to complete on periodical payment. Hence you can take itc on deemed completion i.e. periodical payments date.
Nothing...
ITC will be avail based on Invoice. So, You can take ITC if the Service Provider gave to Invoice...
ITC will be avail based on Invoice. So, You can take ITC if the Service Provider gave to Invoice...
with due respect to everyone s suggestion, i would say that in case of AMC where the performance of service is spread over the period as agreed it would be better to take the portion of ITC every month end.
Correct me if I am wrong.
Correct me if I am wrong.
But how u will claim the input at the time of gstr2
Recent Threads
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
- Charity Commissioner of Maharashtra site error
- GST under my personal name
- FORM 26QB CORRECTION DATE OF PAYMENT/CREDIT
- Which TDS section Applicability - Education suppor
Related Threads
CAclubindia
