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Invoice issue

20 June 2018

if supplier issued bill like dated on 30.5.2018 and party received goods dated on 1.6.2018 then which month goods receiver's input claim i.e. may /June

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9 Replies

Vinod Babu (24191 Points)
Replied 20 June 2018

It depends upon in which month you account it.
You can account it in may or june month. No problem in that, ITC can be claimed.

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CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 20 June 2018

See date of invoice not date of receipt of goods

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 20 June 2018

Better to take on June month returns...
Bcoz, the goods received on June month...

CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 20 June 2018

Which ever is earlier we need to take that

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 20 June 2018

kkk...

I refer the same way to My Friends...

If they get invoices on 1st / 2nd May 18 and Goods received on 31st July... But, I say as per above way take ITC in May-18 Month...

Okay its correct...?!

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TARUN DAS (170 Points)
Replied 20 June 2018

if I am take input May Month then my stock is mismatch because I received goods 1st June and plz clear this concept

Vinod Babu (24191 Points)
Replied 20 June 2018

As you received in June, Account it June return.

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 20 June 2018

@ Mr TARUN DAS.,

You can't book or Taken ITC in May... Invoice date can be before of goods received dates...
But, You ll take ITC as per goods received date only...

1 Like

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 20 June 2018

As per section 16 CGST Act

To have ITC : In Possession of Invoice & Goods or Services R received

So Book the same in Month of June (As u Reced goods in june)

But in your GSTR 2A the supplier Bill will be reflect in May18 , You have mark/select it Pending, which will roll over to next month & in next month the same can be accept