Provision for Expenses Booked

This query is : Resolved 
Quick Summary
This discussion clarifies whether GST input tax credit can be claimed for expenses initially booked on 31st March 2021, with the GST invoice arriving in February 2022. The consensus is that input tax credit can be claimed, provided the invoice is now available and reflected in your GSTR 2B.

Profile Image

Profile Image

(Querist)
20 February 2022 For FY 2020-21
provision for expenses booked on 31st march 21 now invoice received with GST , can we take GST Input for expenses booked on 31st march .
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
20 February 2022 No, GST input can be claimed after invoice is issued and it's available in GSTR 2b.
Profile Image

Daya

Profile Image

Daya (Querist)
20 February 2022 sir,
provison for expenses booked on 31st march 2021
and now Bill received with GST in Feb 2022.
Can i claim GST Input.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
21 February 2022 Yes, if available now in 2b.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Soumitra PatraSoumitra PatraPro Member R.Chandrakanthan,M.A,B.L,M.B.AR.Chandrakanthan,M.A,B.L,M.B.APro Member RAJENDRA PARAKHIRAJENDRA PARAKHIPro Member Jayaram BramhajosyulaJayaram BramhajosyulaPro Member P.S.HarishankarP.S.Harishankar
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category