ITC on Goods received after the Financial Year

[varsha jain]

Hello Sir,

Invoice issued by my Supplier in March 17-18 but goods received in April 18-19. ITC not taken in Books as well as 3B of F.Y. 17-18,however it is reflected in GSTR 2A of 17-18. the ITC has been claimed in April 18-19 when the goods was received. how to reflect this in GSTR 9 of F.Y. 17-18

[Atul Rathod]

Show it in table 8 & also table 14

[varsha jain]

But Point 13 of GSTR 9 talks about Particulars of the transactions for the previous FY (ie.17-18) declared in returns of April,2018 to March,2019 of current FY . In my case since the goods have been received in April hence the transaction is for F,Y. 18-19

AI Summary

Input tax credit timing: invoice versus receipt determines which annual GST reconciliation period and schedules must record the credit. Dispute over ITC timing where supplier invoice belongs to an earlier financial year but goods were received and ITC claimed in the subsequent year. A respondent advises reflecting the transaction in the annual return reconciliation tables that capture inward supplies and ITC; the taxpayer contends that annual-return instructions tie reporting to the year of receipt and returns filed in the later year, creating a reporting conflict over which year's reconciliation should include the credit.