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when i recognise the purchase in my books?
I purchase goods from other state and sale within state. let some invoice issued by supplier on 25th July and goods received in August. I want to know that in which month I claim the ITC on such purchase and records the purchase in my books?
Replies (2)
If you want the ITC on July then you can claim on July...
If you want the ITC after July you can claim August...
Your supplier also upload the details on July. Bcoz, This invoice his sales. He also file and adjust/pay the liability...
So, This option is your choice....
If you want the ITC after July you can claim August...
Your supplier also upload the details on July. Bcoz, This invoice his sales. He also file and adjust/pay the liability...
So, This option is your choice....
yes it is clear that if my supplier file his GSTR 1 for month of July, then in my GSTR 2A same has been populated. if I want to take credit in august, then what I do? can I accept the invoice which is uploaded by supplier in July or reject it? if I reject this, then what is the result or consequential impact.
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