If a purchase bill is in preceeding month & material received in next month, is ITC allowed in the month in which TAX invoice hase been made?
Mahesh Shaha (303 Points)
16 October 2017If a purchase bill is in preceeding month & material received in next month, is ITC allowed in the month in which TAX invoice hase been made?
Aman Agarwal
(321 Points)
Replied 16 October 2017
If the seller has uploaded that invoice in GSTR 1 and is visible to you GSTR 2A, you need to accept those invoices and the credit of same will be availed in the respective month i.e. the month in which the invoice is issued.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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