FOR ITC CLAIM RELATED


This query is : Open 

Quick Summary
A business owner is seeking advice on claiming Input Tax Credit (ITC) for two vehicles purchased in 2017-18 and 2018-19, amounting to ₹10 lakh. The previous advisor failed to claim this ITC, and the owner wants to know if it can be claimed in the current financial year 2020-21, possessing the original bills. Unfortunately, it appears the time limit to avail ITC for those years has passed, making a legal claim unlikely.

25 August 2020 Dear sir thank you so much in advance for your best expertise, One of my client running his business as Vehicle Renting. He has bought 2 vehicles for business for the year 2017-18 & 2018-19 and total ITC was 10 lakh rs. but problem is that Former Advisor has not claim this ITC by subsequent years. My question is can i claimed those pending ITC in current financial year 2020-21...?, i have original bills of Vehicle.
please tell me what to do with it..? in any possible way so that i am able to claim.

25 August 2020 Time limit to avail ITC has gone for both the years so you can not claim ITC legally.

25 August 2020 thank you sir, no possibility to claim ITC becz amount is huge.
if any way found there plz write me.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details