Itc booking
This query is : Resolved
10 May 2018
Dear Sir ,
We are a pvt ltd co . We have received a GST bill for rent dated 31.3.2018 in May after we have filed our GSTR-3B for march'18 .
Now my quetion is how to deal the situation . If I would take entry of that bill on 31.03.2018 , GST credit would stand in my books . How i would ajusted that ITC. Would there be any problem????
We are a pvt ltd co . We have received a GST bill for rent dated 31.3.2018 in May after we have filed our GSTR-3B for march'18 .
Now my quetion is how to deal the situation . If I would take entry of that bill on 31.03.2018 , GST credit would stand in my books . How i would ajusted that ITC. Would there be any problem????
10 May 2018
You can book the credit in the current month.
16 May 2018
Sir actually the bill is for FY2017-18 . That is why we have taken that entry in our book on 31/03/2018 so to avoid the expense disallowance in Income tax . If we are doing the same the ITC is getting stand in our book on 31.03.2018 . Now my question is that can we adjust that unadjusted ITC in April month's 3B
17 May 2018
You can take the ITC in the month when the goods or services received or in the subsequent months also before Sep or Annual return.
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