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HOW TO CLAIM GST IF THE MONTH CHANGES DURING THE TRANSIT OF GOODS

anita (trainee) (514 Points)

08 January 2022

Dear Sir,

My month end purchases from supplier reach me in the next month due to the distance between my factory and supplier factory

As now only credit as per 2b can be taken how can we account for this ? should I book the purchases as per the invoice date as my supplier will show in GSTR of that month else I will have a difficulty in claiming it next month

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8 Replies

Meghraj Ojha (Accountant) (60 Points)
Replied 08 January 2022

Your should account that invoice in same date as given in invoice. If you have missed to Account that then amend in next month with detail of actual date, invoice no. Amount etc.

Avik Chanda (Accountant) (175 Points)
Replied 08 January 2022

In my opinion you should wait till 11th, if your supplier file return within timeline, then take the credit in current month, otherwise in next month.

manjula KS (37 Points)
Replied 09 January 2022

The gst ITC will claim after the recipient of goods to ur places,.and need to maintain the account on delivered date..not invoice date

1 Like

VIKAS SAINI (1157 Points)
Replied 09 January 2022

Perfect reply manjula ji

1 Like

9990317801 (Accountant) (13 Points)
Replied 10 January 2022

Agree with Manjula ji, ITC can only be claimed once you are in possession of goods. It is one of the four condition mentioned in the section.

satish kumar Chauhan (accountant) (344 Points)
Replied 12 March 2022

You can claim the ITC after reciving the goods and reflected in 2B. Both condition are madatory to take the ITC

Ajit Tejwani (12 Points)
Replied 27 March 2022

If supplier Sends goods on 30th march and i receive on 5th april in next FY then can i claim in next FY .

Shubham Dhakrey (34 Points)
Replied 06 May 2022

For availing ITC there are four conditions, two of them being:

1. You are in possession of the invoice,

2. You have received the goods.

One of the other two condition is irrelevant as it says you have to file your GSTR-3B which is very obvious.

And the last condition says that supplier must have paid the amount of GST to Government which is quite vague as no procedure is prescribed for such checking.

Additionally, the GST Rules say that you can take ITC once the same is reflecting in your GSTR-2B.

Hence, these three things have to be looked into:

1. You have the invoice in possession,

2. You have received the goods, and

3. Invoice is appearing in GSTR-2B.

Further, the ITC pertaining to a Financial Year can be taken till the date of filing of GSTR-3B for the month of September following the next year