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ITC Credit

ITC / Input 281 views 6 replies
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37 Points Posted on 28 February 2018

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

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On 28 February 2018 at 00:32 Report
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Student
3154 Points Posted on 28 February 2018
in my opinion we can't take such ITC.
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On 28 February 2018 at 00:50
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66 Points Posted on 28 February 2018
u should check out the conditions applicable for cases
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On 28 February 2018 at 01:11
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a
1262 Points Posted on 28 February 2018
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.
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On 28 February 2018 at 07:49
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"Do the Right Thing...!!!"
128152 Points Posted on 28 February 2018
Nothing...

ITC will be avail based on Invoice. So, You can take ITC if the Service Provider gave to Invoice...
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On 28 February 2018 at 09:17
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Chartered Accountant
108 Points Posted on 28 February 2018
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.
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On 28 February 2018 at 09:23
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497 Points Posted on 28 February 2018
But how u will claim the input at the time of gstr2
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On 28 February 2018 at 12:45


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