gst query
ravi shankar (57 Points)
19 June 2018
Will there any effect in financial year 2017-18 if we take March purchase bill in April.
4 Replies
Nihar Ranjan Rout
(CA Final & CS Final)
(577 Points)
Replied 19 June 2018
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.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 19 June 2018
| 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.
Vinod Babu
(24196 Points)
Replied 19 June 2018
Yes, you can take ITC of march 18 in April 2018 return.
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