Can we take input credit on Adv under GST?

We have paid advance to vendor in the month of May 2017, whereas the supply will be done by vendor in the month of Aug 17. Can we take input credit on Adv under GST.

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1 Answer(s)

If it remains an advance till the applicability of GST, then your supplier will pay GST on such advances by RCM. and he can only take the benefit and not u.

Answered on June 30, 2017.
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Gen GST