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GST - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Input tax credit - Restriction u/s 16(2) where consideration is ...


Input Tax Credit Claim Allowed via Book Adjustment Under GST Act, No Six-Month Payment Restriction.

May 10, 2019

Case Laws     GST     AAR

Input tax credit - Restriction u/s 16(2) where consideration is not paid within 6 months - consideration for inward supplies paid through book adjustment - The GST Act and rules does not restrict the recipient from claiming the input tax credit when consideration is paid through book adjustment - credit duly allowable

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