GST account mismatched with Goods Stock Account

130 views 1 replies

1) At Punjab : Supplier raised Invoice on 31/7/2020 with Way Bill

2) At Bengal : Recipient said goods received on 5/8/2020 and entry made on goods Stock account 5/8/2020

  ( due to long distance,  technically it is impossible to make entry in stock account on 31/7/20)

remarks : If credit availed  date 31/7/20 then it is proved that credit availed  before goods received 

Question: 1) how to matched with Gst Credit account 

 

               

 

Replies (1)
As per sec 16(2) one of conditions for avail the input tax credit that goods must be received and invoice for same also be received....
As you received the goods on 05/08/2020 then you can take ITC in Aug return....
if you have made payment against invoice on 31.07 show as advance and after received make adjustment


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register