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GST Credit

Sunil Laddha (partner) (24 Points)

19 April 2018

Material Received in the month of April -2018 but billing and dispatch date is 31-03-2018 so please confirm about the GST credit i.e. in the month of March or we will take the same in the month of April 18 (month in which we received the goods)

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7 Replies

CA Mayur Todmal (Practicing CA) (7751 Points)
Replied 19 April 2018

You should have received the goods to claim credit

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RAJA P M ("Do the Right Thing...!!!") (128083 Points)
Replied 19 April 2018

You ll take ITC in April month...

1 Like

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 19 April 2018

show the goods in transit & take the itc in april

chandan singh (Senior Finance Associates) (49 Points)
Replied 20 April 2018

you will take credit in the month of march.18

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 20 April 2018

IN THE MONTH OF APRIL

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Sunil Laddha (partner) (24 Points)
Replied 20 April 2018

As per section 16(2) to claim itc one of the precondition is ... Registered person has received the goods
So as per this u should claim the itc in April

prasad Nilugal ( GST Practitioner & Accounts ) (14644 Points)
Replied 20 April 2018

Fot ITC not only you have to received the goods correct with GSTN no invoice , but also supplier must pay GST collected form you to the GOVT and he must file retrun .Otherwise you will get provisional credit only for goods received in the month of april .