My Company purchase Raw material from Chennai on 31.12.2021 , bill date is 31.12.2021 and when customer file GSTR1 the bill also in GSTR1 and showing in my GSTR2B for the month of Dec-2021.
But the above material we received on 3rd Jan-2022 and booked in our books in Jan-2022 because we taken ITC on receipt of goods.
now question is here my Dec-2021 ITC mismatched with Dec-2021 GSTR2B and also Jan-2022 mismatched .
So pls guide correct treatment for in transit material on closing dates.
19 January 2022
Possession of goods is one of the important condition for claiming ITC. In this case since the possession of goods is with you on the date of filing of GST return ITC can be claimed in December return.
CAclubindia
