TMI BlogInput tax creditX X X X Extracts X X X X X X X X Extracts X X X X ..... If Goods against an Invoice are received in lots 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnishing the September Return or Annual Return. - Reply By KASTURI SETHI - The Reply = Credit should be taken only on physically receipt of goods i.e. installments. If movement is not complete b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y September end, it will have effect on maintainance of books of accounts. From Central Excise aspect, you can take credit next month on receipt of goods physically. How it will impact accounting ent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ries, other experts having commerce background may throw light. - Input tax credit - Query Started By: - MB N Dated:- 16-5-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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