Invoice raised in March and Stock Received In April which date important

This query is : Resolved

ARCHANA (Querist)
Follow

10 May 2025 Sir,

One party raised in Invoice and delivered good on 24-03-2025 and same goods we received on 04-04-2025 , This good can I take stock as on 31-03-2025 , and when we have to take this invoice details in April or March

Plz clarify my doubts

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

11 June 2025 The purchase will be booked in April and input will be claimed in April, According to Section 16 of the CGST Act, ITC can only be claimed once the goods have been received, which will be claimed in the next year in compliance with GST provisions.

Message likes : 1 times

ARCHANA

ARCHANA (Querist)
Follow

12 June 2025 thank you for your reply

Upgrade to CAclubindia Pro. Subscribe Now!