Menu
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.
Replies (1)
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.
Recent Topics :
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
Related Topics :
CAclubindia
