Goods in transit in gst
This query is : Resolved
Gopalakrishnan V
(Querist)
12 May 2019
Date of Invoice 25th March 2019
Date of invoice uploaded by Supplier 7th April 2019
Date of goods received by recipient 14th April 2019
Can ITC be avalied in March 2019? Kindly clarify..
Date of invoice uploaded by Supplier 7th April 2019
Date of goods received by recipient 14th April 2019
Can ITC be avalied in March 2019? Kindly clarify..
Asiya Begum
(Expert)
13 May 2019
As per Sec. 16(2) of CGST Act, receipt of goods is mandatory for availing credit. As the goods are received in April'19, the credit cannot be availed before April'19. The same can be availed in the April'19 GSTR-3B return.
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CA Rashmi Gandhi
(Expert)
13 May 2019
In my opinion you can claim ITC in March month also... but as per GST law you have to claim it in April 2019
Asiya Begum
(Expert)
13 May 2019
The same can be availed on provisional basis in March'19 in financials but it GST returns, it cannot be availed in March'19.
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