ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
This query is : Resolved
25 November 2024
S MADE MISTAKE IN FY 2020-21 & CLAIMED....ITC....NOW PAYABLE 3 LAC + INT -PENALTY-2 LAC....NOW I CAN PAY 5 LAC......HOW MUCH REFUNABLE IN FY 2024-25...... AS ITC CLAIM IN JULY-2020....BILL REFLACTED IN JAN-2021.....SO NO CLAIM OR SET-OFF ??? IN FY 2020-21.... AS I AM PAYING 5 LAC WITH FOR NO-ITC + INT + PENALTIES.....THEN ACTUAL MY ...ITC...WHEN REFUNDED,,,,,,AS SHOWS IN GSTR-2A + GSTR 3B IN ...NEXT FOLLOWING MONTHS.... AS SO CASE IN....RCM ON RENT ...I WILL PAY FOR FY-2020-21...TODAY.....WILL IT REFUNDED IN FY-2024-25...AS I AM PAYING ..NOW FOR FY 2020-21...RCM ON RENT.... LOOK4U@REDIFFMAIL.COM
25 November 2024
ITC can't be claimed for the above payments now.
The time limit for ITC claims under GST is one of the given two dates, whichever is earlier: The due date to file the annual return for that financial year or. 30th November of the following financial year to which such invoice pertains.
The time limit for ITC claims under GST is one of the given two dates, whichever is earlier: The due date to file the annual return for that financial year or. 30th November of the following financial year to which such invoice pertains.
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