Input tax credit

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....nput tax credit<br> Query (Issue) Started By: - MB N Dated:- 16-5-2017 Last Reply Date:- 16-5-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>If Goods against an Invoice are received in lot....

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....s or instalments ITC can be availed only upon receipt of last lot or instalments. What happens if the movement is not completed before the due date of furnishing the September Return or Annual Return.....

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.... Reply By KASTURI SETHI: The Reply: Credit should be taken only on physically receipt of goods i.e. installments. If movement is not complete by September end, it will have effect on maintainance o....

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....f books of accounts. From Central Excise aspect, you can take credit next month on receipt of goods physically. How it will impact accounting entries, other experts having commerce background may thro....

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....w light.<br> Discussion Forum - Knowledge Sharing ....