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If invoice received after balance sheet can we take gst credit
As per section 16(4) of the CGST Act, you Can take credit invoice pertaining to F.Y 22-23, up to the date of return for the month of September 23 or Annual return which ever is earlier. please refer section 16(4) .
Also you have to fulfil all conditions in section 16(2) of the CGST to avail ITC , and ITC should not be under blocked credit as per section 17(5) of the CGST Act amended till today .
Sabyasachi jee: yes the same auditor told me
You have to fulfil following conditions as per section 16(2) of the CGST Act to avail ITC .
1) you must have valid Tax invoice .
2) you must received the goods or services
3) You must deposit tax to govt account . collected from customer
5) you as a recipient should file all returns
6) your ITC should reflect in GSTR2B .
7) Your ITC should not be under Blocked Credit
If you fulfil above conditions , then as per section 16(4) time limit is given above in my first reply .
As per Mr Prasad Nilugal,
Take Your ITC as per GSTR 2b...
ITC can be taken for the month of Sep23...
But,
Note the said invoice ITC shown which month's GSTR 2b...
Not only ITC should be reflect in GSTR2B, but he has to fulfil all conditions to avail ITC .
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