purchase transaction

[krishan sharma]

dear sir

 I have confuse with a transaction  of purchase in this transaction

purchase order passed on 30/3/2010

invoice date laso 30/3/2010 ( input credite availed on such date)

but delivery at godown 1/4/2011

my quiry in the above transaction that the such transaction fall out in financial year 2010 to 2011 or not please provide the need full solution

 

AI Summary

Transaction Date Clarification: Goods Received on April 1, 2011, Fall in Financial Year 2011-2012, Not 2010-2011. A user inquired about the correct financial year for a purchase transaction where the purchase order and invoice were dated March 30, 2010, but the delivery occurred on April 1, 2011. The question was whether this transaction falls within the financial year 2010-2011. The response advised that the date of receipt of goods, April 1, 2011, should be considered for taking credit, implying the transaction pertains to the financial year 2011-2012.