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raghavendra b (Querist)

30 May 2019 DEAR SIR,

I HAVE MISSED ONE PURCHASE BILL DATE DECEMBER 2017, BUT I HAVE DECLARED ITC IN THE MONTH OF NOVEMBER 2018 3B RETURN. THE ITC LEGALLY CLAIMABLE OR NOT. ITC IS AVAILABLE UP TO DATE OF FURNISHING 3B RETURN OF SEPTEMBER 2018. BUT I HAVE CLAIMED IN THE MONTH OF NOVEMBER 2018. WHETHER IT MAY BE CORRECT OR IF NO I HAVE TO REVERSE THE ITC IN THE MONTH OF FILING 3B RETURN MAY 2019.

PLEASE CLARIFY ME

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2019 No need of reversal ITC claim date extended up to 31st March 2019.

raghavendra b

raghavendra b (Querist)

30 May 2019 THANK YOU SIR,

I AM REALLY GLAD TO SEE YOUR REPLIES. I HAVE ONE ANOTHER QUESTION I HAVE MISSED SOME PURCHASE BILLS TO CLAIMING ITC IN THE FINANCIAL YEAR 2017-18. EVEN NOT CLAIMED IN THE FINANCIAL YEAR 2018-19. SO ITC WILL BE LAPSED OR IN CASE ANY CHANCE TO RECLAIM THOSE MISSED PURCHASE BILLS.

THANK YOU
REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2019 Yes ITC will lapse........................

raghavendra b

raghavendra b (Querist)

30 May 2019 thank you sir,
BUT IF THERE IS ANY PROBLEM WILL ARISE AMOUNTS IN THE TABLE 6 OF THE ANNUAL RETURN AND TABLE 8 OF THE ANNUAL RETURN SHOULD NOT BE MATCHED. WHAT IS THE TREATMENT OF THE DIFFERENCE AMOUNT OF ITC. OF BOTH TABLES. HOW TO TALLY IT WHETHER THE DIFFERENCE AMOUNT DISPLAYED AS ITC LAPSED FOR THE YEAR.

PLEASE SIR CLARIFY ME BECAUSE SOME OTHER CLIENTS ALSO FACING THE SAME PROBLEMS

REGARDS

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