Gst input tax credit

345 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'....

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