ITC not availed in FY 17-18 & 18-19


This query is : Resolved 

Quick Summary
This discussion clarifies the possibility of claiming Input Tax Credit (ITC) for the financial years 2017-18 and 2018-19, after belatedly paying Reverse Charge Mechanism (RCM) on ocean freight. While ITC for FY 17-18 is generally not available, the situation for FY 18-19 is more complex due to the claim deadline. It's advised that ITC for FY 18-19 cannot be claimed now and to await potential future opportunities to open the claim window.

13 January 2020 Party had imported goods but not paid RCM on ocean freight. If Party pay now RCM on ocean freight of FY 17-18 & FY 18-19 with interest then can party claim ITC of FY 17-18 & 18-19 ?

13 January 2020 ITC of FY 17-18 not available. ITC of FY 18-19 can be claimed now.

13 January 2020 Sir can you please tell me how can we claim ITC of Fy 18-19 as we can claim ITC upto 30th Sep 2019

14 January 2020 ITC can NOT be claimed now. Wait if the window to claim same gets opened up in due course.


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