ITC claimed during FY 2017-18 but GSTR-1 filed after due date of ITC claim
This query is : Resolved
22 August 2022
Dears Sirs
A taxpayer (recipient) has an invoice of oct 2017 which was claimed in GSTR-3B during the FY 2017-18. But the supplier filed GSTR-1 of that tax period of FY 2017-18 in June 2019. The due date to claim ITC for FY 2017-18 is Apr 2019. Will the taxpayer (recipient) have to reverse the ITC of that invoice now ???
A taxpayer (recipient) has an invoice of oct 2017 which was claimed in GSTR-3B during the FY 2017-18. But the supplier filed GSTR-1 of that tax period of FY 2017-18 in June 2019. The due date to claim ITC for FY 2017-18 is Apr 2019. Will the taxpayer (recipient) have to reverse the ITC of that invoice now ???
CA Altamush Zafar
(Expert)
22 August 2022
In my opinion recipient not required to reverse ITC
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