Gst Input Tax Credit Can Be Availed Against Advance Payment?

Rahul Rai
watch_later 3 years, 8 months ago

As per GST, tax is to be charged when advance payment is received.

Can buyer of goods or services or both can avail input tax credit on advance payments made?

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1 Answer

GST Payer watch_later 3 years, 8 months ago

No input tax credit can not be utilised against advance payments made to supplier.

Input tax credit is available only if goods or services are received with invoice document.

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