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Input tax credit
heloo, if ITC of august 2017 month is not claimed in that particular month & we realised it after FY i.e. ( suppose in may 2018) , how can we claim that in present FY?
Replies (4)
You can claim missed ITC in your next month return & prepare reconciliation statement
You book the purchase as per invoice date and take the ITC in next month 3B returns.
next month in the sense ? June 2018 ? if it is so the year will go different right !
No problem, you can take ITC in your next return I.e July, 2018 & prepare reconciliation statement
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