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EXCESS ITC

Rakesh Kalyani (124 Points)

08 June 2019

excess itc of gstr -2a for f.y2017-18 can be taken in fy.2019-20?

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7 Replies

Shriti Goyal (625 Points)
Replied 08 June 2019

no..
ITC cannot be taken beyond the month of September of the following FY to which invoice pertains or date of filing of an annual return, whichever is earlier.

Satya N Dharani (Finance Professional) (491 Points)
Replied 08 June 2019

no madam, for F/Y 2017-18 it is available upto Mar-2019 GSTR1.

Rakesh Kalyani (124 Points)
Replied 08 June 2019

sir,Mar-2019 over...can i take it in this financial year

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 08 June 2019

No, you cannot take it now.

Rakesh Kalyani (124 Points)
Replied 08 June 2019

then it will get lapsed

Rajarajan. K.S (Employee) (44 Points)
Replied 08 June 2019

Yes sir. It will be lapsed. You need to File your annual return based on the Input taken. The remaining items in 2A is lapsed as you have crossed Mar'19 deadline.