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17-18 & 18-19 ITC Issue.

13 August 2020

If i file gst return in 20-21 that did not firm from starting so how can i show that time ITC because time period is over to claim the ITC please inform me...

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10 Replies

prasad Nilugal (3924 Points)
Replied 13 August 2020

Both 2017-18 and 2018-19 ITC you can't take now in the year 2020 , because time period is over.please confirm with others also .

Mohd Khalid (493 Points)
Replied 13 August 2020

Prasad bro at the time of returning file what should we do of that itc whether I would show in ineligible portion or should I elapse that itc of 17-18 and 18-19

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prasad Nilugal (3924 Points)
Replied 13 August 2020

You mean to say in where to show ineligible or lasps ITC in Annual return ?.

Mohd Khalid (493 Points)
Replied 13 August 2020

No I mean that if I am filling return for the period 17-18 and 18-19 today so where should i show that itc

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CA ABHAY GUPTA (Practice) (3235 Points)
Replied 13 August 2020

As a lapse ITC

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Mansoor ashraf (42 Points)
Replied 13 August 2020

Many adv claimed ITC they thought if we do not filed that time return so we can claim this ITC at the same period so please specify me, how we claimed ITC or lapse if we do not file return from staring...

prasad Nilugal (3924 Points)
Replied 13 August 2020

Brother , In GST Law certain time frame has
been given to file returns and to claim input Tax credit .

Mansoor ashraf (42 Points)
Replied 13 August 2020

So it means neither we claim nor show that ITC at 17-18 & 18-19 3B return we just simply show sale and file that return and paid tax with late fee...

Ajnas (Student) (844 Points)
Replied 13 August 2020

Yes.we just simply show sale and file that return and paid tax with late fee...

Mohd Khalid (493 Points)
Replied 13 August 2020

We will file all return from 17-18 as it is and claim all itc and show all sale as it is done in this period
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1 Like