watch_later 20/10/17

 Customer has given me advance payment on 15/9/2017 but we are going to deliver the material on 20/09/2017. so I decided to raise the bill against advance payment but customer want bill on 20/09/2017 when we will deliver the material

here i now that i have to pay tax on advance payment. so i created advance receipt so my question is, i have give customer copy of advance receipt and Tax invoice also for ITC.

or I have creat advance receipt for my record only , and only Tax invoice copy to Customer so that he can avail for ITC


1 Response | Latest response: 22/10/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 22/10/17

Your customer cannot avail input credit based on payment receipt.

To avail input credit customer has to get:

  • Inward supply of goods or services
  • Copy of tax invoice

Both these conditions are not satisfied with receipt voucher.

What you have done is correct.


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