Carry forward of itc
This query is : Open
ASHISH AGARWAL
(Querist)
27 September 2017
I have input credit on account of gst charged on bank charges in my current account for the month of july. But since my outward supplies for the month if july is Nil so I can't claim this input credit. Will this ITC be carried forward to subsequent months till I have a sale and i can adjust this ITC ?? Or will it automatically become nil if I don't claim it in July itself ?? Thanks to answer.
CA Rashmi Gandhi
(Expert)
27 September 2017
Claim such ITC in July & adjust it from liability of August month
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