Which month to consider

Since the invoice date is 30.03.2019, it has to be booked on the date of invoice.

Are You maintain inventory System...?!

If Yes then You will account in FY 19-20...

If not then account in FY 18-19...

Option based on Your accounting system...




Also You can consider CA Charmie Jhaveri's reply...

OK
yes we maintain inventory records
what if we booked this on March.
it will create problem in future.??

No more problems created...


But, Check out the transportation periods of the such supply. May be it's exceeding the time periods then better to account in FY 19-20...

ok
but how can we pass entry in April as our software will not take march dated invoice in April month
bcoz Change in financial tear

Try to Voucher date in Apr-19 and invoice date is Mar-19...

OK
thank for quick response

You are most welcome...

Hi pratil,

I differs from the veiws.

As per section 16(2) - Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him unless,--

[a] he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed;

[b] he has received the goods or services or both.

Since in point b it is evident that for taking credit you must have received goods, so the entry should be booked in April and not in march

Others kindly correct me if I am wrong

For further assistance kindly reach out to us

HAPPY TO HELP

MOHIT JAGNANI
8820448170

Book invoice in March 19 As goods in Trnasit but ITC can be claim only in April 19 ( Refer sec 16)

Book invoice in March Month.. but itc can be claim only when you have goods & invoice both in hand