Claim of itc of 2017-18
tushar tervankar (15 Points)
17 September 2019
can I claim the ITC OF BILL fy 2017 -18 in current year ,or claim in annal return of 2017-18
4 Replies
ritesh patel
(SR.ACCOUNTANT)
(69 Points)
Replied 17 September 2019
31.03.2019 was the last date to claim ITC for any bill for FY 17-18.Now, can't not avail same.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 17 September 2019
Neither you can claim in Current Year Nor in Annual Return .
1. As per Annual return you cannot claim any credit ,.... any liability arising shall be paid in cash & setoff by filing DRC 03
2. As per Order 2/2018 , you are allowed to claim ITC by 31/3/2019 for FY 2017-18.
Note : Hence the credit will lapse.
1. As per Annual return you cannot claim any credit ,.... any liability arising shall be paid in cash & setoff by filing DRC 03
2. As per Order 2/2018 , you are allowed to claim ITC by 31/3/2019 for FY 2017-18.
Note : Hence the credit will lapse.
Abhishek
(CA)
(60 Points)
Replied 18 September 2019
You can take benefit of recent judgement of Guj HC and can claim till filing of annual return.
But please remind if the judgement will reverse later on u have to reverse or pay the same
But please remind if the judgement will reverse later on u have to reverse or pay the same
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