Itc booking

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ANIMESH PANDEY (Querist)
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10 May 2018 Dear Sir ,
We are a pvt ltd co . We have received a GST bill for rent dated 31.3.2018 in May after we have filed our GSTR-3B for march'18 .
Now my quetion is how to deal the situation . If I would take entry of that bill on 31.03.2018 , GST credit would stand in my books . How i would ajusted that ITC. Would there be any problem????

Udaya Chandran

Udaya Chandran (Expert)
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10 May 2018 You can book the credit in the current month.

ANIMESH PANDEY

ANIMESH PANDEY (Querist)
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16 May 2018 Sir actually the bill is for FY2017-18 . That is why we have taken that entry in our book on 31/03/2018 so to avoid the expense disallowance in Income tax . If we are doing the same the ITC is getting stand in our book on 31.03.2018 . Now my question is that can we adjust that unadjusted ITC in April month's 3B

Udaya Chandran

Udaya Chandran (Expert)
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17 May 2018 You can take the ITC in the month when the goods or services received or in the subsequent months also before Sep or Annual return.

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