banner_ad

ITC CLAIM

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 June 2020 MY CLIENT IS AN ENGINEER BY PROFESSION AND HIS TOTAL TURN OVER IS LESS THAN 1.50 CRORE IN THE FINANCIAL YEAR 2019-20 UP TO MARCH 2020.
MY CLIENT HAS GST LIABILITY FOR THE OUTWARD SUPPLIES DONE IN THE MONTH OF MARCH 2020.
THE CLIENT HAS GOT ELIGIBLE ITC FOR THE INWARD SUPPLIES IN THE MONTH OF APRIL AND MAY 2020. CAN HE CLAIM THE ITC OF THE APRIL AND MAY 2020 FOR THE GST LIABILITY OF MARCH 2020. HE SAYS THAT SINCE NOW GSTR3B CAN BE FILED TILL 30 JUNE 2020 AND HE THE AMOUNT OF ITC IN THE MONTH OF APRIL AND MAY 2020, HE CAN VERY WELL ADJUST THE SAME IN GSTR 3B TO BE FILED FOR THE MONTH OF MARCH 2020. PLEASE ADVISE
CA HS RAMGOPAL
Profile Image

c.bakshi

Profile Image

c.bakshi (Expert)
25 June 2020 no, liability of Outward Supply of march month can't be set off against the ITC of April and May.
Profile Image

RAMGOPAL HS

Profile Image

RAMGOPAL HS (Querist)
25 June 2020 Sir, Thank you very much
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details