Goods in transit in gst
This query is : Resolved
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..
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.
Message likes :
1 times
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
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
