Availing input credit for 2017-18
This query is : Resolved
GAJANAN SHIRALI
(Querist)
10 September 2019
I am seeking clarification relating to availing of input credit.The accounts finalised and IT returns filed for 2017-18, but input credit on few expenses not availed nor made any provisions in the accounts books. Can such input credit be availed in the accounts of subsequent year and accounted for that particular year. Because of the irregularity in uploading data by vendors/ monthly returns/quarterly returns/ lot of fear of facing penalty has caused lot of confusion in the accounting. If input credit can be availed, then what is the last date for availing such credit.
Gokul Sharma
(Expert)
10 September 2019
last date of taking input of 17-18 is 31-3-19
now expired
GAJANAN SHIRALI
(Querist)
10 September 2019
Thank you Sir for your prompt reply.
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