Credit ledger query

This query is : Open 

Quick Summary
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.

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?

27 November 2023 Yes he can take ITC in November on the basis of GSTR 2B.

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details