Credit ledger query

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You can claim Input Tax Credit (ITC) in your November GST return, even if you plan to sell the goods in February 2024. The key is that you can avail this ITC based on your GSTR 2B. This means you can include the inward supplies from November in your November GSTR 3B return.

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(Querist)
27 November 2023 A person purchased goods in November month and he will sell goods in next February month 2024, so can he take ITC in November month return on basis of GSTR2B?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 November 2023 Yes he can take ITC in November on the basis of GSTR 2B.
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RAJA P M

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RAJA P M (Expert)
27 November 2023 Yes, ITC can be avail through GSTR 3b based on GSTR 2b. So, You can avail ITC in November inwards in November GSTR 3b return.
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