GST input bill came late

ITC / Input 313 views 5 replies
x company received bill from Oct 17 to Jan .18 but X company made GST payment till Dec .17 so input setup will be taken or not x company
Replies (5)

Where recipient does not pay the value of service or tax thereon within 3 months of issue of invoice and he has already availed input credit based on the invoice, the said credit will be added to his output tax liability along with interest.

You claim ITC till filing of annual return.

The input can be claimed in the subsequent month when the invoice is recieved. As GSTR-2 is not yet enabled, corrections, modifications in the purchase details can not be made. So in the subsequent month input can be claimed as clarified by the GST  Circular No. 26/26/2017-GST F. No. 349/164/2017 - CBEC

Originally posted by : Umesh Kulkarni
x company received bill from Oct 17 to Jan .18 but X company made GST payment till Dec .17 so input setup will be taken or not x company

 

Mr. Umesh.,

Please explain your query. I can't understand this...

me too can't get Ur point , sir plz post Ur query again


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