Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

can we claim August 2017 month itc in this month july 2018?

sampath (student) (119 Points)

19 July 2018

I didnt take input on office expenses in august month and september..Can i take input in current july 2018 in gstr 3b? is their any Time Limit? details pls

Reply
Follow
Share

3 Replies

Madhukar N Hiregange (Chartered Accountant) (39039 Points)
Replied 19 July 2018

Yes you can avail the credit now. Once September 2018 return filed, then credit beyond 1 year would be lost.

1 Like

sampath (student) (119 Points)
Replied 19 July 2018

sir If input is in july 2017 Now we can take input? Can I know time limit to take input ?

Vinod Babu (24196 Points)
Replied 20 July 2018

ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:

Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return

Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.

2 Like