watch_later 27/09/17

if Aug month purchase bill received 15/9/2017 can we pass this entry on 15/9/2017 and take set off this bill

2 Responses | Latest response: 29/09/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 29/09/17

Yes you can take the input credit of August bill in September. Basically the credit system will be based on GSTR-1 return filed by your supplier.

If he uploads invoice then only you will get credit, otherwise if you took credit in GSTR-3B you might have to reverse it later and pay interest and penalty.

But if your supplier uploads his invoices, and file proper returns, you will automatically get input credit.

watch_later 04/10/17

if bill date is 2/8/2017 as  i  said i received the bill on 15/9/2017 so while passing entry in tally i have to pass on 15/9/2017. is it allowed, it will not creat any problem in aduit at the end

 

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