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
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.
CAclubindia
