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Input Tax Credit
I received few bills of previous year 2018-19 charging GST of 18%...i want to know whether i can take itc on those bills..if yes what will be the entry in tally..should i show them as receivable?
Replies (6)
Yes you can take. The credit on invoices pertaining to FY 18-19, can be availed upto 30th September 2019. In tally, you can show the same as any other credit and debit it to input account.
Yes... You can take ITC for the bills.
Also You can book the invoices in FY 18-19 and C/f the Tax to April month.
Also You can book the invoices in FY 18-19 and C/f the Tax to April month.
As per cgst rules,2017
the last date for availing ITC for a financial year will be Earlier of
1) Sept 30th of the following financial year
2) due date of filling annual return. i.e, 30th dec generally unless extended
the last date for availing ITC for a financial year will be Earlier of
1) Sept 30th of the following financial year
2) due date of filling annual return. i.e, 30th dec generally unless extended
ITC can be claimed. it shall be asset
do normal entry of the bills. incorporate the itc in current month gstr 3b that's it
good clarification and information
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