Input Tax Credit entitlement when goods arrive in instalments - credit arises only upon receipt of the final lot. A registered person is entitled to Input Tax Credit only after receipt of the last lot or instalment under an invoice; ITC on earlier deliveries cannot be ... Summary
Input Tax Credit entitlement when goods arrive in instalments - credit arises only upon receipt of the final lot.
A registered person is entitled to Input Tax Credit only after receipt of the last lot or instalment under an invoice; ITC on earlier deliveries cannot be claimed until the final consignment is received.
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