Can ITC be availed on advances paid for goods or services? Here is an interesting case — L&T ITHI Consortium v/s UOI [2024-VIL-1219-BOM] – wherein petitioner being an unincorporated consortium of two entities was formed for the sole purpose of construction of a bridge. The consortium was issued with receipt vouchers from its constituents…
The post Can ITC be availed on advances paid for goods or services? appeared first on The Tax Talk.
