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Gst sale issue

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Kkk
1204 Points Posted on 07 March 2021
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.
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On 07 March 2021 at 13:38 Report
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Practicing Chartered Accountant
959 Points Posted on 07 March 2021
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.
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On 07 March 2021 at 13:56
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3924 Points Posted on 07 March 2021
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 .
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On 07 March 2021 at 14:15
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Kkk
1204 Points Posted on 07 March 2021
As the audit is done then how to resolve this issue.as its issued in march. divyam
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On 07 March 2021 at 14:25
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Practicing Chartered Accountant
959 Points Posted on 07 March 2021
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.
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On 07 March 2021 at 14:32
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GST Practitioner
55067 Points Posted on 08 March 2021
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"
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On 08 March 2021 at 00:07
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GST Consultant
15986 Points Posted on 08 March 2021
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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On 08 March 2021 at 06:36


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