Sir/Mam , As per Rule 36(4), we can take 100% ITC of Uploaded Invoices in a month. But if an Invoice is dated 28/10/20 and goods relating to such invoice was received on 4/11/20, then as per Sec 16, ITC can be claimed only when goods are received. i.e. in Nov month. But if supplier will upload invoice dated 28/10/20, it will appear in Oct month. Query- So, whether ITC should be claimed as per Rule 36(4) in Oct month or as per Sec 16 in Nov month ??
chirag111 Asked question November 28, 2020
Section 16 will override over Rule 36(4). Accordingly ITC should be taken in November.
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Frah Saeed Changed status to publish November 30, 2020