ITC OF FY 2017-18

This query is : Resolved 
Quick Summary
This discussion clarifies the eligibility of Input Tax Credit (ITC) for purchases made in the 2017-18 financial year. Even if a supplier filed their March 2018 GSTR-1 return late (on 25 August 2019), the buyer who availed ITC based on their purchase document before March 2018 is generally eligible. Any late filing fees or interest would typically be borne by the seller.

Profile Image

Profile Image

(Querist)
06 May 2021 SIR I HAVE AVAILED ITC ON PURCHASE IN 2017-18 AS PER PURCHASE DOCUMENT BFORE MARCH 2018 3B
BUT SUPPLIER HAVE FILLED HIS MARCH 18 GSR 1 VERY LATE AT 25 AUGUST 2019
WILL MY ITC ELIGIBLE OR NOT
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
06 May 2021 Your are eligible for ITC. For late filing fees and interest might have been collected from your seller.
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
06 May 2021 In my opinion you are eligible for ITC. No need to reverse it
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member ca kailash chander singhalca kailash chander singhalPro Member Albert KurianAlbert KurianPro Member Sagar KhakhiwalaSagar KhakhiwalaPro Member Sanjay SharmaSanjay SharmaPro Member Umashankar GoyankaUmashankar Goyanka
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category