I had received an invoice in the year 2017-18 which was disputed with the vendor and therefore I didnot take the credit of GST in that year and no payment was made. A provision was made in the books for the amount of invoice.
I took the credit of the amount in September'18 and reversed the same.
Now can I take the credit of the same when the bill has been approved by the management and expense has been booked in October'19
Menu
Credit available for invoice received in 2017-18
Replies (3)
Is the invoice is also revised? Kindly tell the invoice date
The invoice is not revised and is dated for the period 2017-18
Yes, you can take the credit as per Rule 37(4) of CGST Rules, 2017
Recent Topics :
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
Related Topics :
CAclubindia
