Gst input - between two financial years
This query is : Resolved
Abdul Rahim
(Querist)
14 June 2018
Sir,
Can i claim the GST Input on bill of previous financial year ie month February 2018 (not taken in return of February) for the Payment of April 2018.
in other words, can i claim input of one financial year which not taken in that year, in next financial year?
Can i claim the GST Input on bill of previous financial year ie month February 2018 (not taken in return of February) for the Payment of April 2018.
in other words, can i claim input of one financial year which not taken in that year, in next financial year?
CA Ankit R Momaya
(Expert)
14 June 2018
Yes, you can take ITC in next financial Year till Sept or before filing of Annual Return whichever is earlier
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Abdul Rahim
(Querist)
14 June 2018
thanks for your reply..so i need to show it as asset (Input) receivable in audited balancesheet only.? & can take it to setoff nxt years liablilty without showing in returns of 2017-18 F.Y.
CA Ankit R Momaya
(Expert)
14 June 2018
Yes, it will shown as an Asset....
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