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Itc credit eligibility

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(Querist)
15 September 2018 i have purchase invoice issued on 30-month-year(last day of month) but goods is received in first week of next month.
whether i am eligible to avail the credit of such invoice in the month in which invoice is issued or in next month.
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Gokul Sharma

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Gokul Sharma (Expert)
15 September 2018 AVAIL itc on the date of invoice.
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Piyush

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Piyush (Querist)
15 September 2018 sir can you tell about the section or provision etc to support or more clearity
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 September 2018 As per Sec 16(2) A registered person will be eligible to claim Input Tax Credit (ITC) on fulfilment of the following conditions:
a. Possession of a tax invoice or debit note or other document issued by supplier evidencing payment.

b. Receipt of goods and/or services. It is assumed that goods received by registered person where goods are delivered by supplier to other person on the direction of registered person against a document of transfer of title of goods.

hence you can claim it on receipt
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 September 2018 As per Sec 16(2) A registered person will be eligible to claim Input Tax Credit (ITC) on fulfilment of the following conditions:
a. Possession of a tax invoice or debit note or other document issued by supplier evidencing payment.

b. Receipt of goods and/or services. It is assumed that goods received by registered person where goods are delivered by supplier to other person on the direction of registered person against a document of transfer of title of goods.

hence you can claim it on receipt
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 September 2018 As per Sec 16(2) A registered person will be eligible to claim Input Tax Credit (ITC) on fulfilment of the following conditions:
a. Possession of a tax invoice or debit note or other document issued by supplier evidencing payment.

b. Receipt of goods and/or services. It is assumed that goods received by registered person where goods are delivered by supplier to other person on the direction of registered person against a document of transfer of title of goods.

hence you can claim it on receipt
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 September 2018 As per Sec 16(2) A registered person will be eligible to claim Input Tax Credit (ITC) on fulfilment of the following conditions:
a. Possession of a tax invoice or debit note or other document issued by supplier evidencing payment.

b. Receipt of goods and/or services. It is assumed that goods received by registered person where goods are delivered by supplier to other person on the direction of registered person against a document of transfer of title of goods.

hence you can claim it on receipt
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RAJA P M

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RAJA P M (Expert)
15 September 2018 ITC available based on goods received date. So, You ll take ITC on next month which goods received date...
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