As per GST Rule,
Following condition must be satisfied for claiming ITC
  1. Person should be in possession of Invoice/Debit Note/Other Documents
  2. Person has Received Goods/Service
  3. Tax Charged has Actually been paid to Government by seller
  4. Seller has furnished GST Return showing sales (supply)
Hence ,it is important to have possession of invoice+possession of goods to claim ITC
Suppose Goods Sold by A to B on 31 Jan but B Receive goods on 1 Feb
In this case, Invoice Date is 31 Jan and Goods Receive on 1 Feb
Both possession of goods and possession of invoice happens on 1 Feb
So ITC available on 1 Feb
For Sales, we consider Invoice Date
For purchase, we consider Receipt Date


When is ITC Available -On Bill Date or Receipt Date.jpg

  1. Courses
  2. Free GST Certification Course


Input Available on Date Goods received in Premises and Not Invoice Date However on Sales, Output to be Given as per Date of Invoice A B (Delhi) (Mumbai) Goods sent on 30 th Sep Goods received on 3 rd Oct A will show Sales on 30 th Sep B will show Input on 3 rd Oct Suppose A Makes Sales to B

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.