If invoice received after balance sheet can we take gst credit
Shiva Dubey (166 Points)
10 July 2023
if invoice received after balance sheet can we take gst credit
Shiva Dubey (166 Points)
10 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 10 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 10 July 2023
As per section 16(4) of the CGST Act, you Can take credit invoice pertaining to F.Y 22-23, up to the date of return for the month of September 23 or Annual return which ever is earlier. please refer section 16(4) .
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 10 July 2023
Also you have to fulfil all conditions in section 16(2) of the CGST to avail ITC , and ITC should not be under blocked credit as per section 17(5) of the CGST Act amended till today .
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2023
sabyasachi mukherjee
(27519 Points)
Replied 10 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 11 July 2023
Shiva Dubey
(166 Points)
Replied 11 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 11 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 11 July 2023
You have to fulfil following conditions as per section 16(2) of the CGST Act to avail ITC .
1) you must have valid Tax invoice .
2) you must received the goods or services
3) You must deposit tax to govt account . collected from customer
5) you as a recipient should file all returns
6) your ITC should reflect in GSTR2B .
7) Your ITC should not be under Blocked Credit
If you fulfil above conditions , then as per section 16(4) time limit is given above in my first reply .
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 11 July 2023
sabyasachi mukherjee
(27519 Points)
Replied 25 July 2023
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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