Balance ITC
This query is : Resolved
Quick Summary
01 February 2020
ITC balance in books at the time of year ending, can we claim in next year. How to show in GST returns.
01 February 2020
In order to carry forward the input tax credit, you need to meet the following conditions:
The closing balance of input tax credit should reflect in the last return filed by you
This implies that you should be a regular dealer to be eligible to avail the input tax credit in GST.
All the returns to be furnished under earlier law are filed for last 6 months
The closing balance of input tax credit should reflect in the last return filed by you
This implies that you should be a regular dealer to be eligible to avail the input tax credit in GST.
All the returns to be furnished under earlier law are filed for last 6 months
02 February 2020
Yes... You can claim that C/f ITC. It will be C/f in Your books to next year and it will shown Your IT return also.
02 February 2020
In case your credits relates to FY 2017-18 or 2018-19 then you cannot claim the same now.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- TDS AND ITR ISSUE
- LIC maturity claim whether taxable
- Same demand raised for original as well as rectification request return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
