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Input IGST Claim

Accounts YFTI (3 Points)

18 March 2025

Sir,

I missed Input IGST claim in October 2024. We are already in March 2025 now. Can anybody giuide me as to How can I claim 42000 Input IGST.

Thanks

Regards

Mahesh SV

Mangalore

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5 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7514 Points)
Replied 18 March 2025

Missing an Input IGST claim can be stressful. Don't worry, I'll guide you through the process to claim the missed Input IGST of ₹42,000. Claiming Missed Input IGST:

1. *Time Limit*: As per the GST Act, you can claim missed Input IGST within 30 days from the date of payment of tax or the due date of filing the return for the month of September 2024, whichever is earlier [1].

2. *Revised Return*: Since you've already filed your October 2024 return, you'll need to file a revised return (GSTR-3B) for October 2024, claiming the missed Input IGST. Steps to Claim Missed Input IGST

: 1. *Login to GST Portal*: Log in to the GST portal and navigate to the "Returns" tab. 2. *Select Revised Return*: Choose the "Revised Return" option for October 2024. 3. *Enter Missed Input IGST*: In the revised return, enter the missed Input IGST of ₹42,000 in the relevant table (Table 4A of GSTR-3B). 4. *Submit and File*: Submit and file the revised return, ensuring you have sufficient balance in your electronic cash ledger. Important Considerations:

1. *Interest Liability*: If you've already filed your October 2024 return, you might be liable for interest on the missed Input IGST from the original due date of filing the return.

2. *Penalty*: Late filing of the revised return might attract a penalty. Next Steps:

. 2. *Verify GST Portal*: Confirm the revised return filing process and any specific requirements on the GST portal. Please note that this is a general guidance, and specific situations may require more detailed analysis and expert advice.

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7514 Points)
Replied 18 March 2025

Missing an Input IGST claim can be stressful. Don't worry, I'll guide you through the process to claim the missed Input IGST of ₹42,000. Claiming Missed Input IGST:

1. *Time Limit*: As per the GST Act, you can claim missed Input IGST within 30 days from the date of payment of tax or the due date of filing the return for the month of September 2024, whichever is earlier [1].

2. *Revised Return*: Since you've already filed your October 2024 return, you'll need to file a revised return (GSTR-3B) for October 2024, claiming the missed Input IGST. Steps to Claim Missed Input IGST

: 1. *Login to GST Portal*: Log in to the GST portal and navigate to the "Returns" tab. 2. *Select Revised Return*: Choose the "Revised Return" option for October 2024. 3. *Enter Missed Input IGST*: In the revised return, enter the missed Input IGST of ₹42,000 in the relevant table (Table 4A of GSTR-3B). 4. *Submit and File*: Submit and file the revised return, ensuring you have sufficient balance in your electronic cash ledger. Important Considerations:

1. *Interest Liability*: If you've already filed your October 2024 return, you might be liable for interest on the missed Input IGST from the original due date of filing the return.

2. *Penalty*: Late filing of the revised return might attract a penalty. Next Steps:

. 2. *Verify GST Portal*: Confirm the revised return filing process and any specific requirements on the GST portal. Please note that this is a general guidance, and specific situations may require more detailed analysis and expert advice.

prasad Nilugal ( GST Practitioner & Accounts ) (14868 Points)
Replied 19 March 2025

1) Invoice pertains to which Financial year F.Y 23-24 or 24-25 .

2) What you have purchased , to claim input tax credit ?

Please elaborate in detail.

Dayal (Gen. Manager - Indirect Taxation) (3451 Points)
Replied 19 March 2025

Under the current GST system, once a return is filed, it cannot be revised or amended. However, minor corrections in invoice details can be made in subsequent months' returns. In the instance case the credit is lapsed and there is no mechanism to claim the same.

prasad Nilugal ( GST Practitioner & Accounts ) (14868 Points)
Replied 19 March 2025

Dayal Sir , you are correct , however in query,it has not been mentioned, Invoice is pertains to which F.Y ?

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