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)
(5017 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.
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