ITC on AMC

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..... Dear sir/mam i have received a bill of 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 .....

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..... of the GST as credit or i have to proportionate 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 .....

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..... of CGST Act,2017 , restricts registered person 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 .....

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..... is services, the restriction of aforesaid proviso 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 - T .....

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..... he Reply = In our view also you can avail the ITC on AMC transactions. - ITC on AMC - Query Started By: - kaushal jaishwal Dated:- 23-5-2018 Goods and Services Tax - GST - Got 2 Replies - GST - Di .....

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..... scussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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