I had created a bill in January 2021, but I received the product only in February 2021. Can I claim ITC for this bill?

Yes, you can enable the Transaction Posting Date for your bills which can be used instead of the bill date to claim ITC. Here’s how:

• Log in to your Zoho Books account.
• Go to Settings at the top right corner of the page and select Bills under Purchases.
• In Bills, go to Field Customization tab.
• By default, the Transaction Posting Date field will be marked as inactive. Hover over the field, click the dropdown next to it, and select Mark as Active.

Once marked as active, you’ll be able to claim Input Tax Credit (ITC) for items in a bill based on the transaction posting date rather than the bill date.