Input tax credit`

This query is : Resolved

dheeraj (Querist)
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06 December 2018 HELLO SIRS
I HAVE A QUERY REGARDING INPUT TAX CREDIT UNDER GST.
SOME OF OUR VENDORS HAVE MISSED TO TAKE THE INVOICES IN FINANCIAL YEAR 2017-2018 BUT NOW THEY ARE TAKING THOSE INVOICES IN THE RETURN OF SEPTEMBER 2018 , WHILE THESE PERTAIN TO F.Y 2017-2018.
I WANT TO KNOW THAT
1. IN WHICH FINANCIAL YEAR I CAN TAKE THE BENEFIT OF ITC.

THANKS IN ADVANCE
DHEERAJ

CA Anita Bhadra

CA Anita Bhadra (Expert)
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07 December 2018 As per sub-section (4) of section 16 of the Central Goods and Services Tax Act, 2017 (the CGST Act), timeline for availing input tax credit on any inward supplies for the previous financial year ending March, 312017 is :-
due date for furnishing the return for the month of September ie 20th Oct 2018 , or furnishing of annual return, whichever is earlier.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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07 December 2018 Its March 31 , 2018 ( Not March 31 2017 )
Typing error regretted

dheeraj

dheeraj (Querist)
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07 December 2018 THANKS FOR REPLY MA'AM I KNOW THIS. I THINK I AM FORGETTING MY QUESTION, I WILL AGAIN COME BACK TO YOU.
THANKS AGAIN.

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