Customer has given me advance payment on 15/9/2017 but we are going to deliver the material on 20/09/2017. so I decided to raise the bill against advance payment but customer want bill on 20/09/2017 when we will deliver the material
here i now that i have to pay tax on advance payment. so i created advance receipt so my question is, i have give customer copy of advance receipt and Tax invoice also for ITC.
or I have creat advance receipt for my record only , and only Tax invoice copy to Customer so that he can avail for ITC
Your customer cannot avail input credit based on payment receipt.
To avail input credit customer has to get:
- Inward supply of goods or services
- Copy of tax invoice
Both these conditions are not satisfied with receipt voucher.
What you have done is correct.
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