Vat credit on late purchase bill received
This query is : Resolved
27 January 2014
Hi All,
I received a purchase bill after the filing of my 2nd qtr return. now can i revise and carry forward the vat credit in 3rd qtr and take the credit in this qtr.
I received a purchase bill after the filing of my 2nd qtr return. now can i revise and carry forward the vat credit in 3rd qtr and take the credit in this qtr.
28 January 2014
Go by the booking date and take the input credit in 3rd Quarter.
No need to revise the 2nd quarter return.
No need to revise the 2nd quarter return.
28 January 2014
In that case This will reflect in 2A & 2B Mismatch Report and then go under assessment and penalty for excess credit in 3 Qtr
02 August 2025
Hey! About claiming VAT credit for a late purchase bill received **after** filing the earlier quarter’s return:
---
### Can you take VAT credit in the next quarter (3rd quarter) for a purchase bill received late (from 2nd quarter)?
* **Generally, input tax credit (ITC) is allowed only in the period when the purchase invoice is accounted/received.**
* If the bill arrives late, **you can claim ITC in the quarter when you actually book the purchase (3rd quarter in your case).**
* **No need to revise the already filed 2nd quarter return** if it’s already submitted.
---
### But...
* As you noted, **this might create mismatches in VAT reconciliation reports** (like 2A/2B or other audit reports), because your supplier may have declared it in the 2nd quarter but you claim in 3rd quarter.
* Such mismatches **can attract scrutiny or notices** during assessments.
* If excess credit is noticed, **penalties and interest can be levied** if it’s seen as wrongful credit.
---
### Best practices:
* Keep proper communication with your supplier to **match invoice reporting periods**.
* Maintain documentary proof of when the purchase invoice was actually received and booked.
* If allowed by your VAT rules, you may file a **revised return for the 2nd quarter** to include the late bill.
* Otherwise, claim in the current quarter but be ready to explain in case of notices.
---
### Summary:
| Action | Advice |
| ------------------------------------------- | ------------------------------------ |
| Claim ITC in next quarter (3rd quarter) | Allowed, but watch for mismatch risk |
| Revise earlier quarter return (2nd quarter) | Better if allowed, avoid mismatch |
| Ignore late bill for credit | Not advisable |
---
If you want, I can help draft a letter to your VAT department or help with return revision formats.
Need help with that?
---
### Can you take VAT credit in the next quarter (3rd quarter) for a purchase bill received late (from 2nd quarter)?
* **Generally, input tax credit (ITC) is allowed only in the period when the purchase invoice is accounted/received.**
* If the bill arrives late, **you can claim ITC in the quarter when you actually book the purchase (3rd quarter in your case).**
* **No need to revise the already filed 2nd quarter return** if it’s already submitted.
---
### But...
* As you noted, **this might create mismatches in VAT reconciliation reports** (like 2A/2B or other audit reports), because your supplier may have declared it in the 2nd quarter but you claim in 3rd quarter.
* Such mismatches **can attract scrutiny or notices** during assessments.
* If excess credit is noticed, **penalties and interest can be levied** if it’s seen as wrongful credit.
---
### Best practices:
* Keep proper communication with your supplier to **match invoice reporting periods**.
* Maintain documentary proof of when the purchase invoice was actually received and booked.
* If allowed by your VAT rules, you may file a **revised return for the 2nd quarter** to include the late bill.
* Otherwise, claim in the current quarter but be ready to explain in case of notices.
---
### Summary:
| Action | Advice |
| ------------------------------------------- | ------------------------------------ |
| Claim ITC in next quarter (3rd quarter) | Allowed, but watch for mismatch risk |
| Revise earlier quarter return (2nd quarter) | Better if allowed, avoid mismatch |
| Ignore late bill for credit | Not advisable |
---
If you want, I can help draft a letter to your VAT department or help with return revision formats.
Need help with that?
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