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GST Input Tax Credit

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Rohit Ravalekar

6 Points Posted on 14 March 2021

What if I have taken ITC of FY 2019-20 in the month of September 2020, but the return is filed after 20th October 2020. Is it ineligible?

Replies (5)

Quick Summary

This discussion addresses the eligibility of GST Input Tax Credit (ITC) for FY 2019-20 when the return was filed after the due date of 20th October 2020. Legally, according to Section 16(4) of the GST Act, taking ITC after the due date for furnishing the September return makes it ineligible. However, it's noted that in practice, such ITC is often availed without objection, provided it reflects in your GSTR-2A/2B.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 15 March 2021

Yes it's eligible.

CA Altamush Zafar

GST Consultant

15986 Points Posted on 15 March 2021

Legally speaking it is ineligible since you have filed after due date.

Rohit Ravalekar

6 Points Posted on 15 March 2021

Dear Sir,

Can you please elaborate on which basis we can consider it as eligible?

Pankaj Rawat

GST Practitioner

55067 Points Posted on 15 March 2021

yes correct legally you are not allowed as in section 16(4) person is not allowed to take itc after the DUE DATE of furnishing of 3b (u/s 39) for the month of september following the fy.

As the due date is 20th, October for Sept.month return.so as per law its ineligible but as everyone availing the credit & officer is also not objecting it.

note : make it sure that it reflecting in your 2A/2B