Dear sir,
As per subject E-invoice generate of Dec 23 in 5jan 2024 so can I claim itc in dec23? Bill of couriers service.
Best Regards
Ashish
About e-invoicing and input tax credit (ITC) in India. 😊
According to the web search results, e-invoicing is mandatory for businesses with an annual aggregate turnover of Rs.100 crore or more1. E-invoices must be generated within 30 days from the invoice date on the Invoice Registration Portal (IRP)2. The IRP will start validating the time limit from 1st November 2023 onwards2.
As for ITC, the revised time limit to claim ITC on invoices or debit notes for a financial year is the earlier of two dates: 30th November of the following year or the date of filing annual returns1. This means that you cannot claim ITC for invoices or debit notes related to goods or services after the 30th of November following the end of the financial year or the filing of the relevant annual return, whichever comes first1.
Therefore, based on the information I found, if you generate an e-invoice of Dec 23 in 5 Jan 2024, you can still claim ITC in Dec 23, as long as you file your annual return before 30th November 2024
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