Vishnu Chemicals Ltd. {APPELLATE AUTHORITY FOR ADVANCE RULING, ANDHRA PRADESH}

Vishnu Chemicals Ltd. {APPELLATE AUTHORITY FOR ADVANCE RULING, ANDHRA PRADESH}:Date of Order : 24-01-2022simplified explanation of the ruling by the Appellate Authority for Advance Ruling (AAAR) in Andhra Pradesh regarding the availment of Input Tax Credit (ITC) on an invoice issued for services pertaining to a previous financial year:ContextVishnu Chemicals Ltd. sought clarity on whether they could claim ITC on an invoice dated 1st April 2020 for monthly rental services that were provided during the financial year 2018-19. The issue...

Become a Premium member. If you are already a Premium member, please login here to access the full content.