proof of receipt of service for availing ITC

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..... proof of receipt of service for availing ITC
Query (Issue) Started By: - Adarsh Sharma Dated:- 27-6-2023 Last Reply Date:- 1-7-2023 Goods and Services Tax - GST
Got 4 Replies
GST
As per Section 16(2) of the CGST Act, 2017, the ITC can only be availed after satisfying certain conditions specified therein. One of the condition is 'Receipt of goods or services or both'. In case .....

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..... of goods, the proof of of receipt may be e-way bill, Invoice, GRN/MRN, physical stock, etc. However in case of services, except the invoice raised by the supplier, what can be the proof of receipt of services so as to comply with the condition of Section 16(2). Reply By KASTURI SETHI: The Reply: What is the nature of service and its SAC ? Reply By Padmanathan Kollengode: The Reply: Agreed with .....

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..... Kasturi Sir. Some services like Construction services, Job work, may have tangible proof. Some services will require expert certification/opinion. Documentation will be proof in case of certain services such as architectural services, software (source coding etc). Therefore, it will depend on nature of service. Reply By Adarsh Sharma: The Reply: Gentleman, Construction service by the builder .....

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..... to Land owner in case of Joint Development. The consideration of construction service is TDR by the Land Owner. The construction is going on but right to sale the area allotted to the Land Owner to the extent of his share is transferred to him by way of sharing agreement and even the builder raised an invoice on the Land owner for construction services. In this scenario, what is the proof of co .....

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..... nstruction services received by the Land owner from the Builder. Reply By Shilpi Jain: The Reply: The units alloted to Landowner which are either retained or sold to customers is the proof of receipt of the services!!
Discussion Forum - Knowledge Sharing .....

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