GST ITC on Assets Purchase
This query is : Resolved
17 October 2024
Dear Experts,
We are using Fixed Assets (Computer, Furniture etc.) on rent from Oct-23 to Feb-24, but invoice not raised by vendor.
We have taken exps provision for rent of 5 Months (Oct-23 to Feb-24) as on 31-Mar-24.
Now in Oct-24 that vendor is raising invoice which he will show in Oct-24 GST return.
So can we avail GST charged on all these invoices as these invoices are charged for the period Oct-23 to Feb-24 (23-24) ?
Please Guide.
We are using Fixed Assets (Computer, Furniture etc.) on rent from Oct-23 to Feb-24, but invoice not raised by vendor.
We have taken exps provision for rent of 5 Months (Oct-23 to Feb-24) as on 31-Mar-24.
Now in Oct-24 that vendor is raising invoice which he will show in Oct-24 GST return.
So can we avail GST charged on all these invoices as these invoices are charged for the period Oct-23 to Feb-24 (23-24) ?
Please Guide.
18 October 2024
Yes, ITC can be claimed in Oct 2024.
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