We have some foreign exchange transactions with bank and bank was charged gst on it but invoice issued by bank after two to three months. How can I take input tax credit of gst
Ex. Foreign exchange done in November month but invoice is issue in the month of January and we are filed Nov 3B. How I take credit.
You can take credit in January month.
Time limit to take credit is:
earliest of:
September month GST return due date or
Actual date of filing Annual return.
Since your case is well within the said timeline, credit is fully eligible.
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