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Gst - itc for fy 2018-19 claimed in fy2017-18 & vice versa

ITC / Input 158 views 1 replies

S Sinha

43 Points Joined February 2018

I erroneously claimed ITC for FY 2018-19 (Online order dated 31-Mar but Invoice dated 02-Apr) in FY 2017-18 (Mar-18)

and ITC for FY 2017-18 (Bank charges dated 01-Apr but, value date - 31-Mar) in FY 2018-19

How to enter and rectify the same in Annual Return (GSTR-9). Pl. Help

p.s. - I didn't file any rectification/reversal in FY 2017-18 or FY 2018-19

Replies (1)

Shivam RC

Student

23688 Points Joined November 2017

FOR INFORMATION PURPOSE ONLY :

Filing of Annual Return ( GSTR-9 ) has been made "OPTIONAL" for Taxpayers whose Aggregate Turnover is upto Rs. 2 crore. Notification No. 47/2019 - CT, dated 09.10.2019 has been issued to give effect the above decision.

So if your Aggregate Turnover is upto Rs. 2 crore, then it is optional from your part to file Annual Return for FY 2017-18 and FY 2018-19.

And if you want to file Annual Return, then the due date to file FORM GSTR-9 for FY 2017-18 is " 30.11.2019. "