I imported broom.
Invoice and bill of entry date is of June month and goods cleared in July and received to factory in July.
When I am eligible to avail ITC?
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When to avail itc
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Quick Summary
July.
As per Section 16 of CGST Act. In month of July only you can avail ITC (When the goods received)
As per the interpretation of Sec 16, you will be eligible for input tax credit in the month of July since goods are available with you in the saleable position in july
| Originally posted by : Pardeep Garg | ||
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I imported broom.Invoice and bill of entry date is of June month and goods cleared in July and received to factory in July.When I am eligible to avail ITC? |  |
At the time Receipt of Goods in Your Company
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