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Suggested Accounting Entries for ITC

Suggested Accounting Entries for ITC

  • Published on: Dec 30, 2021

Effective January 1, 2022, having tax invoice would not be sufficient to claim input credits. The date has been prescribed to make section 109 of Finance Act 2021 effective hence by adding clause (aa) after clause (a) of section 16 of CGST Act

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