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GST input bill came late

05 March 2018

x company received bill from Oct 17 to Jan .18 but X company made GST payment till Dec .17 so input setup will be taken or not x company

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5 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 05 March 2018

Where recipient does not pay the value of service or tax thereon within 3 months of issue of invoice and he has already availed input credit based on the invoice, the said credit will be added to his output tax liability along with interest.

Shankar Sharma (505 Points)
Replied 05 March 2018

You claim ITC till filing of annual return.

Vinayak Hegde (CA) (154 Points)
Replied 05 March 2018

The input can be claimed in the subsequent month when the invoice is recieved. As GSTR-2 is not yet enabled, corrections, modifications in the purchase details can not be made. So in the subsequent month input can be claimed as clarified by the GST Circular No. 26/26/2017-GST F. No. 349/164/2017 - CBEC

Attached File : 748535 20180305155100 circularno 26 cgst.pdf downloaded: 86 times

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 05 March 2018

Originally posted by : Umesh Kulkarni
	x company received bill from Oct 17 to Jan .18 but X company made GST payment till Dec .17 so input setup will be taken or not x company