I have unclaimed ITC for the FY 2022-23 which is not reversed in the previous year. Is it required to report the same in ITC opening balance Ledger? when I claim the ITC in Current month it is red flagged, can i file the 3B by just adding the unclaimed ITC in current month ?
Menu
Claim of unclaimed ITC of PY
Replies (2)
Yes, You can Claim the Previous Year Missed ITC (Unclaimed ITC) within 30th November 2023, But Please check the Invoices that appeared in Form GSTR-2B/2A.
It's lapsed now. Report it in GSTR-9:
• ITC for FY 2022-23 had to be claimed by 30 November 2023 (Sec 16(4)). Unclaimed ITC can't be claimed now.
• GSTR-9 for FY 2022-23: the amount appears in Table 8 (8A from GSTR-2B vs 8B claimed). The difference (8D) shows as ITC available but not availed, and Table 8E/8F as "ITC available but not availed / ineligible". It lapses.
• If the ITC was not claimed because it was ineligible (blocked), it isn't a loss, just reported.
• Going forward, reconcile 2B monthly and claim in time. Late claims only up to the November return.
Recent Topics :
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
Related Topics :
CAclubindia
