GST ITC on AMC
Query (Issue) Started By: – Madhavan iyengar Dated:- 2-3-2019 Last Reply Date:- 3-3-2019 Goods and Services Tax – GST
Got 8 Replies
GST
A Company has received an Invoice for AMC bill for period January 2018 to December 2018 towards maintenance services. Company has made the entire payment in the month of January 2018
\nIssue: Can the Company avail the entire GST-ITC as mentioned in the AMC in the month of January 2018.
\nReply By CASusheel Gupta:
\nThe Reply:
\nYes, can be claimed
\nIn case of goods also, we take ITC at the time of inward supply irrespective of actual date of consumption.
\nReply By Madhavan iyengar:
\nThe Reply:
\nbut one of the conditions to avail itc in gst law is that the company should have received <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n supposed to come quarterly to check the inverter. But the date and sometime month is also changes as per availability of me and sometime his. Similarly in case of yours can you maintain a log as to when he is giving service in terms of AMC. If yes take credit when service is received . otherwise it can be safely decided that credit can be taken on the receipt of invoice . = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST ITC on AMC Query (Issue) Started By: – Madhavan iyengar Dated:- 2-3-2019 Last Reply Date:- 3-3-2019 Goods and Services Tax – GSTGot 8 RepliesGSTA Company has received an Invoice for AMC bill for period January 2018 to December 2018 towards maintenance services. Company has made the entire payment in the month of January 2018 … Continue reading “GST ITC on AMC”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17116","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17116"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17116\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By CASusheel Gupta:
\nThe Reply:
\nSuppose I purchase an AC on 31.03.2018
\nIt am entitled to one AC (goods received), one year warranty (shall be availed in next year) and three free service coupon (shall be availed in next year) .
\nHow to apportion now between these three.
\nI believe unless the stakes are high, we can take credit on receipt of invoice. At the most a<\/p>\n
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