Input Available on Date of Receipt of Goods

But payment should be made within 180 days from date of Invoice

Example 3

Goods Sold by A to B on 15 May from shop.

Invoice issued on that date.

B took the goods to his factory on 16 May

Payment not yet made

On what date is Input Available?

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Can Input be taken even if Payment not made

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In Which Month Computation Reversal of Input to be shown

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  1. Taxation for CA, CS, CMA Bcom M Com Exams May - June 2018
  2. GST for Exams
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .