ITC on AMC

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....TC on AMC<br> Query (Issue) Started By: - kaushal jaishwal Dated:- 23-5-2018 Last Reply Date:- 24-5-2018 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear sir/mam i have received a bill of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... AMC for the year( F.Y.18-19) and i already paid amount of this bill but the service will be provided to whole year. now my question is , can i claim the whole of the GST as credit or i have to propo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rtionate the GST credit to whole of the year on monthly basis. Reply By Alkesh Jani: The Reply: Sir, The first proviso to sub-section 2 of Section 16 of CGST Act,2017, restricts registered person t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o avail ITC, if goods are received in lots or installment. In your case, AMC is kind of contract agreed for providing services for the period. As it is services, the restriction of aforesaid proviso i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s not applicable. So in my point of view, you can avail full ITC. Our experts may correct me if mistaken. Thanks Reply By YAGAY and SUN: The Reply: In our view also you can avail the ITC on AMC tr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ansactions.<br> Discussion Forum - Knowledge Sharing ....