Gst3b returns

A taxpayer filed their GST 3B returns for October 2018 to March 2019 late, after the deadline of 20th October 2019, and claimed Input Tax Credit (ITC). They have now received a notice stating the ITC is ineligible and must be reversed with interest. The advice given is that the department is correct, as the claim was made after the statutory deadline for availing ITC for that financial year. Unfortunately, the reversed ITC cannot be reclaimed as the time limit has expired, making it a cost to the business.