Input query 2018-19

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Accountan
40 Points Posted on 28 September 2020
I have taken 2017- 18 related ITC in 2018-19, is it necessary to be shown in 2017-18 returns as I claimed in 2018-19, then only I could be eligible in 2018-19, or any table is there to show this.. pls help me
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On 28 September 2020 at 23:20 Report
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This discussion clarifies how to report Input Tax Credit (ITC) from the 2017-18 financial year when claimed in the 2018-19 returns. It confirms that such ITC must be reported in Table 6M of the 2018-19 returns, even if it was not disclosed in the 2017-18 returns. This ensures eligibility for the ITC in the 2018-19 period.

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GST Practitioner
55067 Points Posted on 28 September 2020
Report it on table 6M.

Any ITC which being claim in Fy 2018-19 but was pertaining to FY 2017-18 need to be reported in 6M.
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On 28 September 2020 at 23:49
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Accountan
40 Points Posted on 28 September 2020
Thank you sir, that means we can show it in 6M of 2018-19, But we didn't disclose in 2017- 18 returns is it OK, we can eligible for Input na??
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On 28 September 2020 at 23:54
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GST Practitioner
55067 Points Posted on 30 September 2020
Yes correct.
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On 30 September 2020 at 15:43

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