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Denial of ITC

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CA NAMRATA KAYARWAR

316 Points Posted on 11 October 2023

Supplier has filed its GSTR 3B of Feb 20 and Mar 20 on 02/11/2020 and 14/11/2020 respectively.
Dept issued intimation saying that 3B has been filed after 30 sep therefore ITC is not allowed to be claimed due to last date to claim was 30 sep has been lapsed.

Is this correct or is there any relief for the same as 2020 was a year in which pandemic was at its peak.

Replies (2)

Quick Summary

A supplier filed their GSTR 3B returns for February and March 2020 late, on November 2nd and 14th, 2020, respectively. The department denied their Input Tax Credit (ITC) claim, stating that the deadline of 30th September had passed. The response confirms this is correct as the last date to claim ITC for a financial year is typically the September GSTR 3B of the following year. Once this date lapses, the ITC becomes ineligible. Options include treating the paid tax as an expense or issuing a debit note.

Ashwin Kumar

CA ipcc

449 Points Posted on 13 October 2023

It is correct. the last date you claim itc of any month of a financial year is the September 3b of the next year. once it lapses it is ineligible to claim...you can either treat the paid tax as expense or raise debit note against the same.