banner_ad

BOOKING OF INVOICES RECEIVED

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 October 2008 WE ARE A DEALER IN DELHI AND ARE FILING MONTHLY VAT RETURNS. IS IT ESSENTIAL THAT WE SHOULD BOOK THE PURCHASE INVOICES(INVOLVING IN PUT VAT) IN THE SAME MONTH?
FOR INSTANCE,IF A MATERIAL IS RECEIVED ON THE LAST DAY OF THE MONTH AND THE STORES RECEIVE THE GOODS ON THE NEXT DAY WHICH IS A DIFFERENT TAX PERIOD. ARE WE ALLOWED TO TAKE THE IN PUT VAT CREDIT OF SUCH TRANSACTION IN THE NEXT TAX PERIOD EVEN THOUGH THE PURCHASE INVOICE IS DATED DURING THE EARLIER TAX PERIOD? PLEASE ADVISE
Profile Image

Taxguy

Profile Image

Taxguy (Expert)
16 October 2008 Date of Invoice matters, you receipt of the goods may be subsequent, the moment you receive the bill, you can claim input tax credit provide the goods also are received next day.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details