i purchased goods from interstate. bill date - 29.3.18 , i received gooss on 3.4.18. suppliers has shown in gst return on date 28.9.18, but as per accounting rules, i entered on 3.4.18.
on what date i should enter that
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date of purchase entry
Replies (3)
Yes you have done right . As due to Gstr2 not get started the option of pending therein could not be selected .
But , Books such goods on 29.3.18 as Goods In Transit & book the purchase & claim ITC only on 3.4.18 (As per section 16)
Prepare Reco with 2a
But , Books such goods on 29.3.18 as Goods In Transit & book the purchase & claim ITC only on 3.4.18 (As per section 16)
Prepare Reco with 2a
you can claim this ITC in fy 201718 if I satisfy other condition of eligibility of input tax credit u/s 16
NO ,... YOU CANNOT , AS PER SECTION 16 CGST ACT , ONE OF THE CONDITION TO CLAIM ITC IS "THE GOODS HAS BEEN RECED" AS YOU RECED THE GOODS IN FY 2018-19 (3/4/18) SO CANT CLAIM ITC IN FY 2017-18
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