Claiming input credit before goods received at factory

This query is : Resolved

Bazeer Ahmed (Querist)
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16 March 2018 Sir(s),

We have purchased some rawmaterials from a supplier from outside our state. The transaction was as below:

* supplier raised invoice on us on 27.02.2018

*We received goods at factory on 03.03.2018

*we will pay after 1 month

Under this situation, can we claim input tax on this traction in the month of February 2018 (GSTR 3b)? or the credit should have been claimed in March 2018?

Previously one of the GST consultant guide us to take credit in the month when the invoice has been raised as it would facilitate to get credit in our GSTR 2A and made checking / follow the credit more easier. Is it correct?

If it is not correct then how could be the rule permit on the transactoins as deemed to be received at factory during the movement of goods / transfer of tile of goods ( not required to receive at factory) on the instruction of the buyer sending to another receiver.

Kindly suggest the correct way.

Thanks in advance.
with regards,

Bazeer L

Udaya Chandran

Udaya Chandran (Expert)
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16 March 2018 In order to claim the ITC, you need to have actually received the goods. Only after receipt of goods, ITC is available.

Message likes : 1 times

RAJA P M

RAJA P M (Expert)
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16 March 2018 ITC available after received the goods... You can't avail the ITC for the Invoice Date...

Message likes : 1 times

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