banner_ad

ITC Claim Help

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 April 2023 I purchased a material and the seller raised an invoice on 6th March 2023. But the material was then scrapped at the seller end and did not reach me. The credit not is issued to me in April 23.

The 2B is showing me ITC of that invoice as claimable. What should I do? This is the year end. Please help.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 April 2023 No ITC can be claimed as material not reached. This is one of the condition for claiming ITC.
Profile Image

Gaurav Aggarwal

Profile Image

Gaurav Aggarwal (Querist)
16 April 2023 Dear sir, thanks for the response.

My doubt is now that the invoice is showing in my 2B, the supplier will upload the credit note in April return. So should I reverse the ITC now itself in 'others' section of ITC Reversed?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
17 April 2023 Don't claim ITC on it. Reversal will not arise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details