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Fy 19-20 itc claimable ya not in fy 20-21

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Kanchan Chauhan

45 Points Posted on 25 September 2020

can I take itc fy 19-20 in fy 20-21

Replies (4)

Quick Summary

Yes, you can claim Input Tax Credit (ITC) for invoices from the financial year 2019-20 in the financial year 2020-21. However, this must be done on or before the due date for filing your GSTR-3B return for September 2020 (which is 20th October 2020). Ensure the ITC is not listed under blocked credits as per Section 17(5) of the CGST Act 2017.

prasad Nilugal

GST Practitioner & Accounts

15146 Points Posted on 25 September 2020

Any Invoice of F.Y 19-20 where ITC has not been claimed in F.Y 19-20 , Can be claimed up to the date of September 2020 month GSTR3B return , subject to It should not under blocked credit under section 17(5) of the CGST act 2017 .

Pankaj Rawat

GST Practitioner

55067 Points Posted on 25 September 2020

Haan ji aap September month ki return tak credit avail Kar saktey ho

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 27 September 2020

Yes, you can take credit of F.Y 2019-20 in F.Y 2020-21, but on or before due date of filing return of September, 2020 (i.e on or before 20th October, 2020) in any return i.e September, 2020 or any earlier months GSTR 3B.