For the month of september 24 purchase invoices (input tax) not auto reflected in 2B,but now when i check in IMS (Invoice Management System) shown those invoices. If I accept today 15.11.2024 when it will credited in itc?
For the month of september 24 purchase invoices (input tax) not auto reflected in 2B,but now when i check in IMS (Invoice Management System) shown those invoices. If I accept today 15.11.2024 when it will credited in itc?
If the purchase invoices (input tax) for September 2024 were not auto-reflected in Form 2B but are now visible in IMS (Invoice Management System), and you accept them today
(15.11.2024), the input tax credit (ITC) will be credited as per the following timeline: -
Date of acceptance: 15.11.2024 - ITC credit date: 15.12.2024 (next month)
As per GST regulations, ITC is credited on a monthly basis, typically in the next month's Form 2B.
So, in this case, the ITC will be credited in the December 2024 Form 2B.
Please note that this is a general guideline and may vary depending on specific circumstances or changes in GST regulations.
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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