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Input tax credit

ITC / Input 156 views 4 replies
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Meerpet
43 Points Posted on 01 August 2018
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?
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On 01 August 2018 at 08:09 Report
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Accountant
3479 Points Posted on 01 August 2018
You can claim missed ITC in your next month return & prepare reconciliation statement
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On 01 August 2018 at 09:07
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24196 Points Posted on 01 August 2018
You book the purchase as per invoice date and take the ITC in next month 3B returns.
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On 01 August 2018 at 13:53
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Meerpet
43 Points Posted on 01 August 2018
next month in the sense ? June 2018 ? if it is so the year will go different right !
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On 01 August 2018 at 15:16
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Accountant
3479 Points Posted on 03 August 2018
No problem, you can take ITC in your next return I.e July, 2018 & prepare reconciliation statement
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On 03 August 2018 at 00:15


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