Eligibility to ITC

ITC / Input 311 views 3 replies

Hi,

One invoice dt.6.4.2019 henceforth we have to book and make payment (invoice lost by stores after GRN). If we make payment, can we take ITC of this.

Is 180 days limit to payment applicable to it?

Replies (3)
Hi baskar

180 days limit applicable. 180 days due date will fall in october so if you have already taken input and making payment now then technically you have to reverse in oct 3b and again claim in oct 3b so effect is nill

if amount is huge then give effect of reversing and again claiming. if Amount is less tgen skip thos compliance

As per section 16(2) (a)  of the CGST act 2017  you must  have valid  GST  Tax  Invoice with correct  GSTN no of  the   Supplier   to claim  Input  Tax credit .  As you   mentioned  in the query that  you have lost  Tax Invoice so  you can  not claim Input Tax credit . 

Better to get invoice from supplier


CCI Pro

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