Gst input - between two financial years
This query is : Resolved
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?
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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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.
14 June 2018
Yes, it will shown as an Asset....
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