MURALIDOSS (INCOME TAX PRACTITIONER) (1329 Points)
15 November 2024For the month of september 24 purchase invoices (input tax) not auto reflected in 2B,but now when i check in IMS (Invoice Management System) shown those invoices. If I accept today 15.11.2024 when it will credited in itc?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5686 Points)
Replied 15 November 2024
(15.11.2024), the input tax credit (ITC) will be credited as per the following timeline: -
Date of acceptance: 15.11.2024 - ITC credit date: 15.12.2024 (next month)
As per GST regulations, ITC is credited on a monthly basis, typically in the next month's Form 2B.
So, in this case, the ITC will be credited in the December 2024 Form 2B.
subhagan sreerangam
(7056 Points)
Replied 15 November 2024
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