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

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This discussion clarifies the crucial dates for recording a purchase for GST purposes. Although the invoice was raised in March and goods were delivered on 24th March 2025, the stock was physically received on 4th April 2025. According to GST regulations, specifically Section 16 of the CGST Act, Input Tax Credit (ITC) can only be claimed once the goods are received. Therefore, the purchase should be booked and ITC claimed in April 2025, the month the goods were received.

ARCHANA

ARCHANA

(Querist)
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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)
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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.

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ARCHANA

ARCHANA

(Querist)
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12 June 2025 thank you for your reply

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