ITC on Proforma invoice

kiran (accountant) (430 Points)

14 May 2019

can I use ITC on proforma invoice against advance payment to supplier or total amount shown in advance.

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5 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 14 May 2019

No...............

pritesh (CA Final student) (7101 Points)
Replied 14 May 2019

no you cannot

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 15 May 2019

No...
Proforma invoice is not a Tax Invoice So, You can't avail the ITC based on Proforma.
After getting invoice then only You can claim ITC.

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 15 May 2019

CA Haritha Komma (Chartered Accountant) (1147 Points)
Replied 15 May 2019

ITC cannot be availed on advance payment/proforma invoice.

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