gst query

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Will there any effect in financial year 2017-18 if we take March purchase bill in April.
Replies (4)

You can take input for bills obtained in FY 2017-18 before filing annual return for FY 2017-18 or filing September, 2018 return - whichever is earlier.

Originally posted by : ravi shankar
Will there any effect in financial year 2017-18 if we take March purchase bill in April.

 

Under GST You can take ITC benefit on Purchase ( If ITC available on Purchase items )

But in Finanacial Statement you should booked in F.Y. 2017-18.

Never
Yes, you can take ITC of march 18 in April 2018 return.


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