Brought forward ITC from service tax availed under tran - 1

This query is : Resolved

ganesh (Querist)
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22 July 2021 capital goods invoice dated 31.3.17 was delivered only on 31.07.2017. Whereas the assesee availed ITC to the extent of 50% during the year 2016-17 and 50% availed during the period from 01.04.2017 to 30.06.2017. Then entire credit he claimed under Tran - 1. Since the assessee without receipt goods availed ITC the GST officer treated as ineligible and disallowed the ITC. Whether Officer contention is correct? pls help me to resolve the issue

CA Altamush Zafar

CA Altamush Zafar (Expert)
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25 July 2021 Yes the contention of the officer is correct. You cannot take ITC until the goods are received.

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