I imported broom.
Invoice and bill of entry date is of June month and goods cleared in July and received to factory in July.
When I am eligible to avail ITC?
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 03 July 2020
As per Section 16 of CGST Act. In month of July only you can avail ITC (When the goods received)
Anant Jain
(article clerk)
(29 Points)
Replied 06 July 2020
As per the interpretation of Sec 16, you will be eligible for input tax credit in the month of July since goods are available with you in the saleable position in july
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 06 July 2020
| Originally posted by : Pardeep Garg | ||
 |
I imported broom.Invoice and bill of entry date is of June month and goods cleared in July and received to factory in July.When I am eligible to avail ITC? |  |
At the time Receipt of Goods in Your Company
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