ITC on advance
Rahul Goyal (28 Points)
01 August 2017
if we are releasing any advance payment to vendor then can we book the input tax credit on Receipt Voucher
Rahul Goyal (28 Points)
01 August 2017
Shashikant Varshney
(Chartered Accountant)
(763 Points)
Replied 01 August 2017
No you can not take the credit. Because as per ITC rules, Advance receipt voucher is not mention there for taking of credit.
Chhatra Singh Dugar
(1464 Points)
Replied 02 August 2017
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