Interstate purchase igst

This query is : Resolved

RUCHIKA GUPTA (Querist)
Follow

11 August 2017 A BEING REGISTERED DEALER SOLD GOODS TO B WHO IS ALSO REGISTERED DEALER AND A DISPATCHED GOODS ON 27/07/2018 AND IGST WAS CHARGED. B RECEIVED GOODS ON 03/08/2018.. IN WHICH MONTH OF GST RETURN B WILL FILL HIS PURCHASE AS A WILL SHOW GOODS SOLD IN JULY 2017 RETURN AND B RECEIVED GOODS IN AUGUST.

PLEASE CLARIFY ON IT.

Saket Agarwal

Saket Agarwal (Expert)
Follow

12 August 2017 B should claim the ITC only in the month in which he had received the goods. Hence B should claim it in the return for the month of August. Under the automatic scheme of purchases appearing in GSTR-2 the ITC will appear in the GSTR-2 for July. B should not accept it in the month of July. When approving the GSTR-2 for the month of August, B should accept the ITC.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok