Invoice issued but goods not delivered

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This discussion addresses the crucial question of whether Input Tax Credit (ITC) can be claimed when an invoice has been issued but the goods have not yet been delivered. The consensus is that ITC can only be claimed after the actual receipt of goods. There are also implications regarding the time gap between invoice issuance and delivery, with a general guideline of goods being delivered within 30 days for ITC claims. If a significant delay occurs, such as over a year, the original invoice may need to be cancelled and a new one issued.

ARUN GUPTA

ARUN GUPTA (Querist)

21 November 2021 We have received invoice but goods are not delivered. Can we take ITC on invoice whose goods not delivered. What is the time limit for taking delivery of goods by e way bill after issuance of bill.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 November 2021 No, ITC has to be taken after receipt of goods.

ARUN GUPTA

ARUN GUPTA (Querist)

21 November 2021 What is the time limit fot taking delivery of goods after issuancr of bill to avail ITC?

ARUN GUPTA

ARUN GUPTA (Querist)

21 November 2021 CAN WE AVAILABLE ITC AFTER 1 YEAR OF TAKING DELIVERY OF GOODS AFTER ISSUANCE OF INVOICE?

ARUN GUPTA

ARUN GUPTA (Querist)

21 November 2021 PL CLARIFY TIME GAP BETWEEN INVOICE DATE AND DELIVERY DATE ALLOWED FOR AVAILMENT OF ITC?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 November 2021 Normally goods to be delivered within 30 days.
ITC is allowed upto next September GSTR 3b filing time from the date of issue of invoice.

ARUN GUPTA

ARUN GUPTA (Querist)

21 November 2021 IF INVOICE IS ISSUED IN NOV 2021 AND GOODS DELIVERED IN DEC2022? HOW WILL WE TAKE ITC? Pl clarify?

ARUN GUPTA

ARUN GUPTA (Querist)

21 November 2021 IF INVOICE IS ISSUED IN NOV 2021 AND GOODS DELIVERED IN DEC2022? HOW WILL WE TAKE ITC? Pl clarify?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 November 2021 ITC can't be taken in such a case.
Earlier invoice is to be cancelled and fresh invoice to be issued in supply month.

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