CCI Online Learning
50% OFF in CA/CS/CMA Subjects
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Gst itc claiming


Soundarya Paramaraj   22 July 2020

Soundarya Paramaraj

 9 likes  138 points

| My Other Post

if late fee waived for gst from july2017 to january2020 can we claim itc for that period?

avater

CA ABHAY GUPTA (Practice)     22 July 2020

CA ABHAY GUPTA
Practice 
 225 likes  2510 points

View Profile | My Other Post

You cannot claim ITC for the period July 2017 to March 2019 as last date for claiming such ITC is already went... you can claim ITC for the period April 2019 to March 2020..

avater

Soundarya Paramaraj   22 July 2020

Soundarya Paramaraj

 9 likes  138 points

View Profile | My Other Post

Thank you sir

avater

SUMIT BADYAL   22 July 2020

SUMIT BADYAL

 10 likes  402 points

View Profile | My Other Post

Can u explain how we have some purchase bill of 2019 on which input tax does not claim till now?

avater

Soundarya Paramaraj   22 July 2020

Soundarya Paramaraj

 9 likes  138 points

View Profile | My Other Post

Can I have that official notification for that

avater

Sagar Patel (Tax and Business Consultant)     22 July 2020

Sagar Patel
Tax and Business Consultant 
 856 likes  9429 points

View Profile | My Other Post

You can claim input tax credit of purchase bill of F.Y 2019-20 in GSTR 3b return up the return of September 2020
But you can't claim ITC of purchase relating to F.Y 2018-19 as the due date for claim of ITC is already expired.
So, if your purchase bill are after 01 April 2019 than you can claim it in 3b return up to September 2020 return.

1 Like
avater

Soundarya Paramaraj   22 July 2020

Soundarya Paramaraj

 9 likes  138 points

View Profile | My Other Post

From where we can get official notification about expiry date for claiming such itc

avater

CA ABHAY GUPTA (Practice)     22 July 2020

CA ABHAY GUPTA
Practice 
 225 likes  2510 points

View Profile | My Other Post

As per the provision u/s 16(4) of CGST Act, 2017, a taxpayer can take input tax credit in respect of any invoice or debit note for supply of goods or services or both before the due date of furnishing of the return u/s 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or up to the filing of relevant annual return, whichever is earlier. The extract of the said section is reproduced below for easy reference.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x