AAR : ITC can be availed only on receipt of goods, however, liability to pay tax arises basis ‘time of supply’

Feb 15,2019

Haryana AAR holds that in case of invoices being raised by supplier in previous month and goods being received in succeeding month, ITC on goods so received shall be available only when applicant has received the goods; However, holds that liability to pay tax shall arise basis the time of supply, which in case of goods is earlier of (i) date of issue of invoice or the last date on which supplier is required to issue the invoice u/s 31(1) or (ii) date on which supplier receiv...

Subscription / Sales Enquiry

Contact Vidyadhar Mhatre at +91 93200 54016
Email - sales@taxsutra.com

Already a Subscriber?

Log in for complete access.

Log In