Gst input credit conditions

sujit naha (accountant) (350 Points)

03 November 2017

Example : Supplier Despatched Goods on 25 th Oct with Gst Invoice -----

Buyer Received said Goods on 3rd. Nov ---------

Question : When Buyer can Take GST Input Credit ??? ----------

25th Oct --- OR -- 3rd. Nov

Please reply

thanks

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 03 November 2017

A registered taxable person can avail the credit with following condition

1) He has a tax Invoice with correct GSTN no of supplier

2) He has received the Goods / Services

3) TAX charged for the supply has actuaaly been paid to GOVT by supplier

4) Supplier must furnished retrun

So you confirm everything for ITC

Baldev Prajapati (264 Points)
Replied 03 November 2017

you can claim till 1 year from the invoice date or before filing annual return

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 03 November 2017

Originally posted by : sujit naha
	Example : Supplier Despatched Goods on 25 th Oct with Gst Invoice ----- Buyer Received said Goods on 3rd. Nov --------- Question : When Buyer can Take GST Input Credit ??? ---------- 25th Oct --- OR -- 3rd. Nov Please reply thanks