watch_later 3 years ago
if Aug month purchase bill received 15/9/2017 can we pass this entry on 15/9/2017 and take set off this bill
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.
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