FOR ITC CLAIM RELATED

Save Share

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.

Rahul Katole

Rahul Katole (Querist)
Follow

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.