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

This query is : Resolved 
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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.

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(Querist)
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 ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 January 2020 ITC of FY 17-18 not available. ITC of FY 18-19 can be claimed now.
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CA Garima Bhayana

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CA Garima Bhayana (Querist)
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
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Amol S Joglekar

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Amol S Joglekar (Expert)
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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