Input tax credit

ITC / Input 132 views 3 replies
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352 Points Joined July 2017

Assume we received services from registered suppliers in july

As per GST act supplier has to upload his sales by 10th of next month i.e. 10th August

But we want to pay the bill amount in september to the supplier 

can we avail the ITC for the month of July or not??

pl help

Thanks

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On 12 July 2017 at 10:06 Report
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jaipur
257 Points Joined September 2011
input didn't depend on your payment. you must take credit in return of July.
if you doesn't adjust it with July Return the it will adjusted in Annual Return
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On 12 July 2017 at 10:21
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352 Points Joined July 2017

If the payment is not paid within 6months then what is the treatment??

And What is the Entry in tally at the time of Bill Received and Payment Made??

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On 12 July 2017 at 10:56
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jaipur
257 Points Joined September 2011
in case of payment and receipt there are same provision as were pre implementation of GST.
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On 12 July 2017 at 20:41


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