Tax invoice of goods
This query is : Resolved
Abhishek Jindal
(Querist)
15 March 2018
A registered person supplying taxable goods are required to issue an invoice before or at the time of remove or delivery but in any case invoice issue after such due date than recipient can take credit or not.
Sayan Gupta
(Expert)
15 March 2018
There are certain conditions to be fulfilled to claim ITC. One of them is, If invoice or debit note is received after:
1. the due date of filing return for September of next financial year
or
2. filing annual return (whichever is later)
No ITC will be allowed
1. the due date of filing return for September of next financial year
or
2. filing annual return (whichever is later)
No ITC will be allowed
30 October 2026
A late invoice by itself does not bar ITC; under current law the limit is 30 November following the end of the FY to which the invoice relates (Sec 16(4)), and the invoice must appear in your GSTR-2B, while the supplier bears interest or penalty for issuing it late.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- RCM and same line
- TDS Return Statement Status
- 18% Rent a cab
- ARCA LOGIN
- Closer of business and itc of capital goods
- Rectification under processing even after 6 months cpc portal
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
