Unclaimed itc

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TARIQUE RIZVI (Querist)
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12 November 2017 As per the 23rd meeting of gst council held in Guwahati those who are not exceeding 1.5 Crores will have to file quarterly return but the payment vide GSTR-3-B shall have to be made on monthly basis latest by the 20th of the succeeding month.

The Total sales turnover of my proprietary concern will remain below 1.50 Crores till the end of March 2018 and thus I will have to file quarterly return.
While making GST payment for the month of October 2017 I have not taken the ITC of Rs 79,000 apx inadvertently.

Please guide me how to claim the said ITC as in which return and as in which month.
Further as per the 23rd meeting all the gst holders will have to file one and only one return i.e. GSTR-1 but since there is no option for claiming the ITC in GSTR-1, how we will claim the ITC in GSTR-1 as till date the GSTR-1 is being used for Output Tax.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 November 2017 Take the credit in next gstr-3b.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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12 November 2017 Actually the credit of ITC is related with the month of October 2017 whether it is possible take the effect into GSTR-3-B of November 2017.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 November 2017 Yes it is possible to take the effect into GSTR-3-B of November 2017.

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TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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13 November 2017 The idea is no doubt a brilliant idea but will it not be mismatched with the GSTR-1 of October filed by the supplier. But the schedule for filing GSTR-1 has not come as yet. That could be done keeping in view of Annual Return Reconciliation. Sir u r right 100% right absolutely right.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 November 2017 Gstr-2 and gstr-3 will not be required to be filed fill 31st March 2018 as per recent decision of GST council. So no reconciliation till then.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 November 2017 Revised return not possible in GST return but correction allowed in next month return.

RAJA P M

RAJA P M (Expert)
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14 November 2017 Yes I agreed to Mr CA R SEETHARAMAN Sir.... Dear TARIQUE RIZVI., GSTR 3B is only interim return no more restriction. Also no more relation for GSTR 3B to GSTR 1 and 2.... You ll be take your October month ITC on November GSTR 3B... You ll be file correctly your GSTR 1. After after March we can get notifications for GSTR 2 and 3 return filing at the time you ll file correct details... GOOD LUCK...

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TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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14 November 2017 Thanks to all of you and I am highly obliged to you people for the guidelines as I remained too much confused in this connection.

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