Eligibility of ITC

[Kaustubh Karandikar]

On the GST Portal in Return GSTR-2B of October'23 reflected the party Debit Note and bill dated 31-03-2023. We received soft copy of the debit note Rs. 35,000/- Plus GGST 3,150/- & SGST 3,150/- for accounts entry on dated 23-11-2023. Can we avail Input Tax Credit of the same in the GSTR-3B return for the month of November 2023?

AI Summary

Debate on Timing for Claiming Input Tax Credit on Debit Note in GSTR-2B: October or November 2023? A discussion on a forum addressed the eligibility for claiming Input Tax Credit (ITC) related to a debit note dated March 31, 2023, which appeared in the October 2023 GSTR-2B. The querist received the debit note in November 2023. One participant advised claiming the ITC in the October return if it appears in GSTR-2B for that month. Another suggested claiming the ITC in November, aligning with the possession of the debit note, and following specific guidelines if adhering to a particular circular. The discussion included clarifications on timing restrictions for claiming ITC.