https://www.taxtmi.com/forum/issue?id=118866 Possession requirement requires a taxpayer to hold the tax invoice or debit note before claiming ITC, so receipt in November makes November the appropriate month for claiming ITC. Where the debit note appears in an earlier month's GSTR 2B, a taxpayer may report the ITC in that earlier month's GSTR 3B and simultaneously reverse it, then reclaim the ITC when possession is taken. Time bar for debit notes runs from the debit note date, not the original invoice date. en-us Thu, 23 Nov 2023 18:48:48 +0530 Fri, 24 Jan 2025 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118866 Possession requirement requires a taxpayer to hold the tax invoice or debit note before claiming ITC, so receipt in November makes November the appropriate month for claiming ITC. Where the debit note appears in an earlier month's GSTR 2B, a taxpayer may report the ITC in that earlier month's GSTR 3B and simultaneously reverse it, then reclaim the ITC when possession is taken. Time bar for debit notes runs from the debit note date, not the original invoice date. Discussion-Forum GST Thu, 23 Nov 2023 18:48:48 +0530 https://www.taxtmi.com/forum/issue?id=118866