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receiving of invoice
a supplier has issued a invoice on dated 31st March 2018 and that very goods reach to us on 8 April 2018. Now I have a question that the invoice should be deposit in financial year 17 -18 or the financial year 18 -19. please guide me. is the transection should be under purchase in transit.
Replies (2)
You ll book the invoice in FY 18-19. And Avail the ITC benefit in FY 18-19...
book it as goods in transit , ITC for the will be available in next fy
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