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ITC OF GOODS
IF WE PURCHASE GOODS FROM REGISTRATED DEALER OF OTHER STATE IN MARCH MONTH AND WE RECEIVED GOODS FROM GTA IN APRIL MONTH THEN IN WHICH MONTH WE WILL ADJUST ITC OF THAT GOODS.
Replies (15)
In April...
then in which month we make entry in our account books in March or April
In that month in which you are received goods, hence April month.
In April...
purchases have to be accounted on the date of receipt of goods . and itc to be claimed in the month of receipt of goods
Please Elobrate once again dear...!
Which one !!!
(purchases have to be accounted on the date of receipt of goods . and itc to be claimed in the month of receipt of goods) 👈
THIS IS MENTION IN WHICH SECTION PLZ TELL ME..
please read provision on time of supply
but don't getting anywhere that s y i am asking here
please read both section 16 and section 12
IN APRIL, WE WILL ADJUST ITC OF THAT GOODS
section 16(2)
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