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GST Input Of Goods in Transit
In GSTR 9, how to show the inputs of goods which are in transit on 31/03/2020. As the input has been taken in FY 20-21 on the basis of receipt of goods but the supplier has to upload the same on basis of date of invoice.
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For goods in transit at year-end, the invoice often appears in GSTR-2A/2B (Table 8A of GSTR-9) for the previous year. To reconcile this, report the ITC value in Table 8C of GSTR-9 as "ITC received in the next financial year," and claim the actual credit in your GSTR-3B in the month you physically receive the goods.
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