Hi..!!
If Mr.X sold goods to Mr.Y (Receiver) on 30th Jan,2022 with Invoice but Mr.Y received it on 4th Feb,2022. When the ITC is to be availed by Mr.Y either in the month of Jan or Feb..?? Pls give an explanation. Thank you
Menu
ITC Credit on Month end Dispatches
Replies (2)
In this case billing was in the month of jan but goods were received in the month of feb only so as per conditions of section 16, ITC can be availed only on receipt basis that is when goods were actually received.
But, if it's coming in 2B of Jan 22 as supplier file that bill in Jan month ..than ?
Recent Threads
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
- Charity Commissioner of Maharashtra site error
- GST under my personal name
- FORM 26QB CORRECTION DATE OF PAYMENT/CREDIT
Related Threads
CAclubindia
