Answer

1. F

   Facts

   Where goods against one invoice come in lots, ITC is available only on receipt of the last lot, under the proviso to Sec 16(2)(b).

2. P

   Provisions and law

   • Sec 16(2), CGST Act 2017ITC is allowed only with a tax invoice, receipt of goods or services, tax actually paid to the Government by the supplier, and the recipient's own return filed.
3. A

   Analysis

   Even if the invoice is in your 2B in the first month, wait until the last lot arrives. Keep goods receipt notes for each lot. If the last lot arrives in the next financial year, the claim still must be made within the Sec 16(4) cut-off for the invoice year. Keep the invoice pending in IMS if you want 2B to reflect it only on receipt.

4. C

   Conclusion

   1. 1Record receipt of each lot against the invoice.
   2. 2Keep the invoice pending in your working until the last lot.
   3. 3Claim ITC in the month the last lot arrives.
   4. 4Keep delivery documents for audit.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.