Hello
I purchased material from Delhi to Kerala. Invoice raised on 30th March but material received on April 4 th. Which date i must enter purchase. If its on receipt date, how to utilize credit appeared on 2A of last month. Please clarify
Purchase need to book in April & ITC need to be claimed in April month as the goods being received in April ( one of condition to claim ITC in Section 16(2) : goods must be received)
In March you can record such transactions in account book as " Goods in Transit "
CAclubindia
