ITC not taken in GSTR3B
This query is : Resolved
22 March 2025
ITC showing in GSTR2B but not taken in GSTR3B due to filed Nill rereturn is there any issue
22 March 2025
No issue as such. If the ITC showing in GSTR-2B is not being claimed in GSTR-3B (because of a NIL return), the ITC will not be utilized for that period. However, the ITC will still be available in future returns, provided the GSTR-2B still shows the credit in later periods.
22 March 2025
If I do not take in future periods what is the consequences do I need to pay any interest or penalty for the same sir
22 March 2025
No. It will lapse..
While not claiming ITC itself may not directly incur penalties, failing to report accurate figures or incorrectly handling ITC claims for longer periods can lead to tax audits or queries from department.
While not claiming ITC itself may not directly incur penalties, failing to report accurate figures or incorrectly handling ITC claims for longer periods can lead to tax audits or queries from department.
22 March 2025
Thanking you very much sir
22 March 2025
You are welcome...
30 September 2025
Good luck....
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