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Gst 3b input credit - bill late recd.

14 May 2018

Hello Everyone,

Kindly Help me on the Following.

If a Registered Dealer have filed all the Returns GSTR 3B upto March 2018 and Now Receives few Purchase Bills of 2017-18 and also Founds Few other Purchase Bills uploaded on GSTR 2A both of which he has not taken Input Credit in GSTR 3B.

Now,

1. How to take Credit of those Bills?

2. If we Show those Purchases in April 2018 Return then How will we MATCH GST Returns Data of 2017-18 with Annual Accounts and Income Tax Return. There will be Mismatch.

Is there any way to take the Credit or to make Any Corrections in the Annual GST Return of 2017-18.??

What is GST Annual Return Due Date and Form ??

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8 Replies

Dayananda Kakade (Deputy Manager -Finance) (328 Points)
Replied 14 May 2018

Taking credit in GST will not be issue. Input credit on related to any Invoice of given financial year can be taken till filing of Aug monthly return of the subsequent financial year.

vikram kerekar (1241 Points)
Replied 14 May 2018

till aug we have filed missing invoice

Mondira Saha (GST) (3925 Points)
Replied 14 May 2018

you can claim your ITc whenever you not file your anuual return (gstr 9) last date december 31 18

vikram kerekar (1241 Points)
Replied 14 May 2018

but how can taken sale as well purchase bill in account 31.3.2018 or 31.03.2019 in which year taken plz cleryfy.. i am conpusing sir.

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 14 May 2018

Kindly book those invocies in fy 2017-18 only , u can take input of such invoices in April18 3B , now In ur books ITC will not match with the return filed by u till 31/03/18, so prepare the reconciliation statement for the same

(As u cannot book bill of fy 2017-18 in fy 2018-19)

CA CHETAN GUPTA (CA) (588 Points)
Replied 15 May 2018

Thank You Everyone.

As per Dayananda Kakade & Vikram Kerekar : We can Take Credit in Any Months Return from April to August 2018.

As per Monindra Saha : We can take Credit till we File Annual Return & the Date for Annual Return is 31st December 2018.

NOTE: I dont know the Date of Annual Return. And Both of them are saying Upto August & Saha ji is saying upto December. Kindly Clear the Position.

And Thanks for the Reply.

Pankaj Rawat Sir is Most Clear in his Views. Thanks Sir. Surely I'll write that Particular Bill in FY 2017-18 in Books of Accounts & in Income Tax Return too. And a Reconciliation Statement for Credit Mismatch is Pretty Fair.

Thanks

Vikram Kerekar Sir : Kindly take the Bill in FY 2017-18 as said by Pankaj Rawat Sir.

Thanks Everyone.

CA CHETAN GUPTA (CA) (588 Points)
Replied 15 May 2018

Pankaj Rawat Sir, Kindly Refer GSTR 9.

https://gstblog.i-tax.in/Forms/Return/GSTR-9.pdf

In this, there are Columns for Purchases on which ITC Availed. And there is Another Column for Purchases on which ITC Not Availed. Same for Sales. And at Last Diff. and Tax Payable.

In our Case, LEFT OUT BILLS. Where to Write this Bills as - We have not AVAILED ITC on this Purchases in FY 17-18, We will do that in April to August Months. And also If we show this in ITC NOT AVAILED List, then there is NO COLUMN Like "DIFFERENCE CREDIT to be Allowed" as there is one For DIFFERENCE TAX LIABILITY.

Comment Please.