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Can ITC claimed by recepient against late GSTR 1filed in next financial year w.r.t.2018-19
If a supplier files late GSTR 1of a financial year 2018-19 i.e after October of next financial year (2019-20)and deposit tax with late fee and interest,can ITC b still claimed by recepient on the ground that tax with interest is already paid to government despite late filling.
Replies (2)
Yes ITC available to recipient provided he claimed ITC within time in compliance of sec 16(2) and 16(4)
As the limit of 16(4) lapse , no ITC available. However same will be allowed if the GSTR-3B filed before the time limit.
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