ITC on AMC

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

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..... f 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 prop .....

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..... ortionate 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 .....

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..... to 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 .....

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..... is 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 t .....

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..... ransactions.
Discussion Forum - Knowledge Sharing .....

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