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Can I claim gst input tax before goods receiving

Kartik Ram (Individual) (62 Points)

22 August 2021

A company have issued bill in 31st March 2021. but we received goods in 1st May 2021 . then when should I calim gst input tax credit in March or in may.

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8 Replies

Saptarshi Chanda (101 Points)
Replied 22 August 2021

In may 2021

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Tushar Chhabra (Assistant Manager) (72 Points)
Replied 22 August 2021

As per law, one of the condition to avail ITC is when you recieve goods or services.

since you have not recieved goods yet, you cannot avail ITC on the same.

Also, please ensure e-way bill and e-invoice provisions as well

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Kartik Ram (Individual) (62 Points)
Replied 22 August 2021

Then what about 2b or 2a law for input mismatch when I will not take input as per 2b

Saptarshi Chanda (101 Points)
Replied 22 August 2021

U can not claim itc till u actually get the goods. even if u claim itc in may 2021 it will not be taken as mismatch. only misnatch will b in may 2021 which u can easily justify.

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CA Altamush Zafar (GST Consultant) (15976 Points)
Replied 22 August 2021

Claim ITC in May since you have received goods in May.

As for the mismatch, let it happen. Prepare proper reconciliations for future reference.

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Kartik Ram (Individual) (62 Points)
Replied 22 August 2021

Tq for you all for your valuable suggestions

Sajid Ahmed (6 Points)
Replied 23 August 2021

Once goods sold and tax invoice and also E-way raised, and payment made, goods belongs to the recipient. why we should not claim itc in the month of April, when we have all the valid documents?

Saptarshi Chanda (101 Points)
Replied 23 August 2021

The question of valid docs arises only when u actually recv the goods. until u physically receive the goods, ITC not allowed. u can check GST manuals / e-books.