ITC Claim Help
This query is : Resolved
16 April 2023
I purchased a material and the seller raised an invoice on 6th March 2023. But the material was then scrapped at the seller end and did not reach me. The credit not is issued to me in April 23.
The 2B is showing me ITC of that invoice as claimable. What should I do? This is the year end. Please help.
The 2B is showing me ITC of that invoice as claimable. What should I do? This is the year end. Please help.
16 April 2023
No ITC can be claimed as material not reached. This is one of the condition for claiming ITC.
16 April 2023
Dear sir, thanks for the response.
My doubt is now that the invoice is showing in my 2B, the supplier will upload the credit note in April return. So should I reverse the ITC now itself in 'others' section of ITC Reversed?
My doubt is now that the invoice is showing in my 2B, the supplier will upload the credit note in April return. So should I reverse the ITC now itself in 'others' section of ITC Reversed?
17 April 2023
Don't claim ITC on it. Reversal will not arise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
