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GST Invoice

14 April 2018

I had received a bill of Telephone Exchange dated 1st April 2018 for the Month of March.

How to book this Invoice and Claim GST Input In the Month of March as Invoice is dated April

Please Suggest

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5 Replies

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 14 April 2018

u cant claim input in march 18 if bill date is 1/4/18

Mayur (Free Learner) (339 Points)
Replied 14 April 2018

As the billing period is of March-18, you take account the bill in the month of March-18 by making provision of telephone expenses.

As per Section 16 of the CGST Act,

(1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.

(2) Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him unless,-

he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed; he has received the goods or services or both.

So if you take ITC of the said bill in the month of March, there will be violation of the said provisions.

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 14 April 2018

Yes definately mayur ji , u have to book in march but cant claim the input for same in march 18, u have to keep it pending (as per gstr 2a) as it will be reflect in april in ur gstr 2a when the supplier of service provider will file his april return

Sumit Chanani (95 Points)
Replied 14 April 2018

Yes Pankaj I agree with u We have to book expense in March but it will show input In 3B of March which is wrong so confused but have to book expense in March as per income tax