https://www.taxtmi.com/forum/issue?id=117937 Entitlement to Input Tax Credit for goods dispatched before month-end but received later depends on actual receipt unless the deeming provision for transit sales applies. Credit for lots or installments is claimable on receipt of the final lot; otherwise claim when goods are received. Taxpayers must satisfy all statutory conditions before availing credit, keep monthly reconciliations between electronic purchase data and books, and retain documentation to mitigate interest and penalty exposure and to respond to departmental notices. en-us Fri, 29 Apr 2022 11:45:48 +0530 Thu, 23 Jan 2025 15:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117937 Entitlement to Input Tax Credit for goods dispatched before month-end but received later depends on actual receipt unless the deeming provision for transit sales applies. Credit for lots or installments is claimable on receipt of the final lot; otherwise claim when goods are received. Taxpayers must satisfy all statutory conditions before availing credit, keep monthly reconciliations between electronic purchase data and books, and retain documentation to mitigate interest and penalty exposure and to respond to departmental notices. Discussion-Forum GST Fri, 29 Apr 2022 11:45:48 +0530 https://www.taxtmi.com/forum/issue?id=117937