Pakage vendors

[Asked by Guest]

Dear Sir,

We given a contract to party with material (like trunkey project).

He started material supply, party is pakage vendor, we are not made GRN - Goods Receipt Not. We checked only quantity. And with proper documents we are processing for further payment.

In this case without GRN how can release payment? How can take CENVAT Credit? What is entries in books? Please suggest.

Thanks & Regards,

Sanjay Vasava

AI Summary

CENVAT credit hinges on invoice plus receipt evidence; GRN is evidentiary but not an absolute precondition for credit.
CENVAT credit for materials under a turnkey contract requires an invoice and evidence of receipt; a GRN is not strictly essential but serves as primary internal proof. Payments are made on certified running bills with project costs capitalized on completion. Absent a GRN, companies must substantiate receipt and eligibility through alternative records (POs, payment and general ledgers, TDS certificates) and physical verification to support credit claims and audit/assessment requirements.