Purchase entry

Page no : 2

g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 25 November 2017

Is your GST no mentioned in telephone bill

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RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 November 2017

Dear Nachitket Bhat.,

The Bill date is September and Goods received on September then no more restriction for ITC taken on September...
Also If you forget taken the ITC in September, You can avail in October month...

But,
The invoices date in September month and Goods received in October then We can't taken ITC in September return. We must avail the ITC in October (Please refer Time of Supply)....

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

He is talking about that invoice date is 30th September and goods received on 18th October then how he can book purchase in the month of September and seller also... Plz refer AS-9 regarding sale

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RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 November 2017

(if telephone bills of previous months from july to Nov,can we still show it in Nov Month return?)
Yes... You can if your GSTIN and Firm name in that bills...

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 November 2017

Mr D Mahesh Mundra Ji...
Please don't be wrong guidance to others...

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

Forget about time of supply... This is also not in line with AS-9, SELLER also can't book sale in the month of September, until and unless all significant risk & reward in respect of goods transfer to buyer... Invoice date is no relevance in this case

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g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 25 November 2017

Once again I am asking if he claims the ITC in the sept month is it disallowed

g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 25 November 2017

Is there any provision of law

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 November 2017

But,
Why not you don't give any point of rules and regulations and law and reference...?

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 November 2017

Dear Mr G Mahesh Mundra Ji.,
Please give your Valuable suggestions for the following....

If you deal a supplier for purchasing goods with payment term 45 days...
The supplier ll be supply goods with Bill on 10th October but invoice date is 20th September...

How to you give payment and which date you ll be calculate...?

3 Like

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RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 November 2017

when you enter the details of goods in your Stock...?

(Guest)

ok..thanks

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

There is things called bilty or challan... Ur bilty or challan date is later on and ur purchase date is earlier how u justify... This is inter state purchase... Now e way bill provision is suspended... But when it is applicable then how u can record its in September month

ramcharan012017 (accountant) (87 Points)
Replied 25 November 2017

Originally posted by : RAJA P M
	Dear Mr G Mahesh Mundra Ji., Please give your Valuable suggestions for the following.... If you deal a supplier for purchasing goods with payment term 45 days... The supplier ll be supply goods with Bill on 10th October but invoice date is 20th September...How to you give payment and which date you ll be calculate...?

We will enter the stock details time of receving goods in ur firm. The payment date calculated from the date of receipt of goods. Not in invoice date...

Am I correct Mr. RAJA P M Sir...?!

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g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 25 November 2017

Ok I agree with all of you 30 th September interstate bill cannot be entered in September only in October to enter now my question is if I enter in September and I claim ITC. Whether the ITC is disallowed by tax department