ITC FROM 1-1-2022
This query is : Resolved
24 December 2021
As per new GST Notification from 1-1-2022 only ITC which are showing in 2b is available. My question is how to take ITC on materials in Transist. (i.e. materials despatched on 30th and 31st of the will received at our factory on 3rd 4th of the next month. in which month we have to take ITC of these materialas. in current month as per 2b or Next month as per GST rule that to take ITC materials should be received at the Factory. Please advise
Thanks in advance
Thanks in advance
24 December 2021
this applicable from GSTR 2B of JAN 22 , so December month you take as per actuals ,this is nothing but material in transit and so you can take as per Actuals
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