Itc
This query is : Resolved
Trilok Singh Negi
(Querist)
08 December 2018
Dear Experts
we are a courier co. we have taken the sales of April 18 in the month of March 18 but ITC was not taken
in that respective month. Now can we take the ITC of April 18 in the month of May 18
Kindly request you to reply on this issue.
Thanks & Kind regards
Trilok Singh Negi
we are a courier co. we have taken the sales of April 18 in the month of March 18 but ITC was not taken
in that respective month. Now can we take the ITC of April 18 in the month of May 18
Kindly request you to reply on this issue.
Thanks & Kind regards
Trilok Singh Negi
CA. Vinodh Kothari
(Expert)
08 December 2018
If the invoice is issued in April 18 then the ITC cannot be claimed in March 18. If the invoice is dated in Mar 18 then also you cannot claim today because as per CGST Act any ITC should be claimed before last date of filing the GST returns for the month of Sep following year. Since Last date is over you cannot claim now if ITC invoice is dated in March 18. If April 18 then you can claim now in April 18 returns.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
