Zen Tax Clinic

Yes. ITC can be claimed on the full value of purchases

Yes. As per Section 16(2)(a), registered person shall possess tax invoice in order to avail ITC. Therefore, ITC shall not be availed without the invoice

No. GSTR2A was introduced only from 09-10-2019. Therefore, ITC before that period cannot be denied on the grounds that it is not reflected in GSTR2A

A specific relaxation is provided for banking companies to issue a consolidated tax invoice or any other document for the supply of service made. Therefore,...

No. Certain adjustments such as removing Ineligible ITC, removing ITC for which goods has not been received in the said month, including ITC reported in ear...

Proviso to Rule 37(1) provides that consideration is deemed to be paid for Schedule I transactions for the purpose of availing ITC. Therefore, 180 days rest...

The ITC of payment made under RCM shall be taken in the same month for which RCM is paid. But the RCM payment shall be paid only by debiting the Electronic ...

There is no mechanism for the buyer to find whether the supplier has actually paid tax to the Government. Therefore, if the buyer satisfies all the conditio...