Gst input tax credit

ITC / Input 338 views 4 replies

Hi Team CCI,

One of my client is a Tyre Dealer of Apollo and deals in sale of Tyres. In the FY:2017-18 he purchased tyres from Apollo and sold to the customer. In the month of February 2019, the Apollo has issued a Debit Note stating that the GST has been calculated less in the FY:2017-18. We debated with them and said its your fault, you have to bear the extra cost, but the Company replied you can claim the ITC. My doubt is as the Goods are already sold to the customer, am I eligible to claim the ITC of the Debit Note issued in February 2019?

Replies (4)
No.... you are correct , As per Order 2/2018 CT , Taxpayer can be avail ITC in respect invoice relating to such debit notes by 31/3/2019 for FY 2017-18
Hence You .cannot claim ITC on debit note issued against invoices pertains to FY 2017 -18

Agreed with Pankaj Sir..

ITC on such debit note should have been taken before 31st Mar'19.. It cannot be availed now.

good clarification and information

Thank you Sirs'....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details