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Gst sale issue
if bill for purchase is issued for march but goods received in june then itc for the same goods can be claimed in which mth.as the IT AUDIT And Gst audit is done.
Replies (6)
Quick Summary
Take the Input Tax Credit only when the goods as well as invoice has been received and the same is also reflecting in GSTR 2A Form.
In your case, the same should be claimed in the month of June only.
In your case, the same should be claimed in the month of June only.
You have to fulfil. all conditions in Section 16(2) of the CGST act 2017 including. reflection in GSTR 2A/ 3B to take input tax credit .
As the audit is done then how to resolve this issue.as its issued in march. divyam
Not a problem Jyoti.
Since it is your purchases, then you must have accounted for in the year in which the said supply has been received by you.
So account the same in books in June only.
Since it is your purchases, then you must have accounted for in the year in which the said supply has been received by you.
So account the same in books in June only.
Book such invoice in march only but in term of Section 16 of CGST Act ITC wil be available only on June.
Note : Can book the same as "Goods in Transit"
Note : Can book the same as "Goods in Transit"
Entry in books will be done when you receive the invoice. ITC shall be taken when both goods and invoice has been received.
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