Benefits of itc under gst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2018
Dear Sir,
one of my client company has not filed their any return under GST from its applicability to till date (i.e. from July 2017 to November 2018).
however they are taken registration under GST since July 2017 and having huge amount of ITC which was clearly reflected in their GSTR-2A for the said period.
Since, rule is that no any person entitled to take the benefits of any unclaimed ITC (with respect to FY 2017-18 [i.e. July 2017 to March 2018]) after the due date of filing of GSTR-3B for the month of October 2018 (which has been lapsed).
Since, my above client company has not filed any return under GST, so can they take the benefits of unclaimed ITC from July 2017 to March 2018 in their GSTR-3B for the month from July 2017 to March 2018 or not?????
one of my client company has not filed their any return under GST from its applicability to till date (i.e. from July 2017 to November 2018).
however they are taken registration under GST since July 2017 and having huge amount of ITC which was clearly reflected in their GSTR-2A for the said period.
Since, rule is that no any person entitled to take the benefits of any unclaimed ITC (with respect to FY 2017-18 [i.e. July 2017 to March 2018]) after the due date of filing of GSTR-3B for the month of October 2018 (which has been lapsed).
Since, my above client company has not filed any return under GST, so can they take the benefits of unclaimed ITC from July 2017 to March 2018 in their GSTR-3B for the month from July 2017 to March 2018 or not?????
13 December 2018
In my opinion it is not allowed now as the date for availing ITC for FY 2017-18 was till the last date for filling september 3B.
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