Itc credit

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A user is concerned about an Input Tax Credit (ITC) discrepancy where they claimed credit in their March 2018 GSTR-3B, but their supplier's GSTR-1 shows the invoice in April 2019. They are asking if this impacts their ITC and if a reversal is necessary. The advice given is that no reversal is currently needed, and a link is provided regarding the time limit for availing ITC for FY 2017-18.

Bhavnesh Dhirajlal Parikh

Bhavnesh Dhirajlal Parikh (Querist)
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20 June 2020 Dear all
My question bill date 24/3/18 i have tack credit march 18 gstr3b but suplier showing that 1/4/2019 gstr 1
What is effect of itc ?
Can i reverse itc?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 June 2020 At this point of time no need for any reversal.

Bhavnesh Dhirajlal Parikh

Bhavnesh Dhirajlal Parikh (Querist)
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21 June 2020 Dear Sir
Any issue of Itc because i have already tack credit but supplier did not showing GSTR1 it is showing GSTR 1 in Apr -19 invoice

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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21 June 2020 Plz check this article on

Time limit for availing ITC for F.Y. 2017-18 - Last date of filing annual return

https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=8606

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