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Input Credit under GST

ITC / Input 272 views 5 replies

Sir/Madam

As we know that the final time to take the unutilised input credit of GST for Financial Year 2018-19 was September 2019. Is there anyway to take the input tax credit now for inputs which are still unutilised of FY 2018-19

 

Thanks 

 

Replies (5)
Are You asked Your query correct way or wording...?

I think You & (Make we/me) confused about Avail & Utilize...

Avail - It means Input Taxes taken/calculate from Purchase invoices and it's shown in GSTR 3B return. After its showing in Your Credit Ledger...

Utilize - It's mean after the above said activity and utilise with Output liability to Input Tax...

Now.,

No more time limit for ITC utilisation...
ITC avail (missed in PY tax) time limit is 30th September 19 for FY 18-19...
No you cannot it's clearly prescribed in section 16 of CGST Act , Sept month following FY or Annual return filed whichever is earlier.
As per Section 26 of the CGST Act prescribed avail the missed ITC September month of the following Financial Year or Annual Return filed whichever is earlier .
If still I hav nt filed my 3B since July 19 then can I take missed itc of Fy 1819 ?
@ Mr Pawan Parikh.,

Yes... You can claim ITC GSTR 3B or Annual return which is earlier...


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