Mohit Jagnani
(Professional - CA firm)
(524 Points)
Replied 01 April 2019
Hi pratil,
I differs from the veiws.
As per section 16(2) - Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him unless,--
[a] he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed;
[b] he has received the goods or services or both.
Since in point b it is evident that for taking credit you must have received goods, so the entry should be booked in April and not in march
Others kindly correct me if I am wrong
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MOHIT JAGNANI
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