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Purchase entry

24 November 2017

if i have purchased material from interstate if the bill is dated on 30 sep and i recieved it on 19 oct in which mounth i have avail the ITC on that while filling gstr 3b....

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46 Replies

M.M Sachora (Tax Professional & Advisor) (1421 Points)
Replied 24 November 2017

in the month of September but if you do not take then take ITC on October month .

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 November 2017

No.... Sorry for the differed.
You can't take ITC on September month. When you received the goods at the date of / time of / month of you can avail the benefit of ITC...

So,
You can take ITC on October month and You ll be show the purchase details in October month...

GOOD LUCK...

4 Like

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 24 November 2017

based on the Bill you can take in September. if you didn't entered in September then you can take Oct also

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 November 2017

Dear Mr D Mahesh Mundra.,

Please explain yourself and give rules and act and section in any of the IDT....

1 Like

Divakar (Student CA Final ) (11857 Points)
Replied 24 November 2017

Can't take itc in September month... Take itc in October month

3 Like

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Sanjay Kumar (Finance Manager & Adviser ) (46 Points)
Replied 24 November 2017

Hi,

Mr.Parveen You can take ITC in Month of Oct. this is right for your knowledge and books.

Thanks

1 Like

basavaraiah (auditor) (22 Points)
Replied 25 November 2017

YES, YOU CAN TAKE IT OCT MONTH ONLY

Praveen Jolad (12 Points)
Replied 25 November 2017

thanks for your Answers but my question is that the bill by supplier will be uploded in the sep month how can we match it while filling gst 2 of oct

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 November 2017

Just ll apply pending option in GSTR 2 for the month of October...

Note:
GSTR 2 is not available now (From July 2017 to March 2018)

3 Like

Divakar (Student CA Final ) (11857 Points)
Replied 25 November 2017

Sale is not booked as per invoice date... It is booked when all significant risk & reward transfer to buyer i. e when it reached to buyer... And don't accept in the month of September... Accept in the month of October in GSTR2... there is an option when u accept it in GSTR2A regarding amendments... Then amend the date of October... Hope ur query will resolved now

1 Like

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(Guest)

But if goods are received in the month of October and the bill date is of sept month, still can we mention the date of sept while filling GSTR-3B or any return.?