https://www.taxtmi.com/forum/issue?id=118068 ITC may only be claimed in the tax period when goods are actually received; possession of goods is a prerequisite under Section 16(2). If goods invoiced in one period are received in a subsequent period, ITC cannot be taken for the earlier period merely because its return has not yet been filed. Taxpayers should make the required disclosures and reversals in the earlier period's return as mandated by return-format rules and claim the ITC in the period of actual receipt. en-us Tue, 19 Jul 2022 19:50:26 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118068 ITC may only be claimed in the tax period when goods are actually received; possession of goods is a prerequisite under Section 16(2). If goods invoiced in one period are received in a subsequent period, ITC cannot be taken for the earlier period merely because its return has not yet been filed. Taxpayers should make the required disclosures and reversals in the earlier period's return as mandated by return-format rules and claim the ITC in the period of actual receipt. Discussion-Forum GST Tue, 19 Jul 2022 19:50:26 +0530 https://www.taxtmi.com/forum/issue?id=118068