Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Input tax credit

ITC / Input 596 views 8 replies

Anjum

TAX OPERATIONAL

24 Points Posted on 25 November 2019

input tax credit for financial year 2017-18 and 2018-19 was not claimed and is reflecting in gstr 2a . Is it possible to claim that input in annual return?? if yes, then what is the procedure???

Replies (8)

Pawan Vemula

284 Points Posted on 25 November 2019

Not possible sir..... the due date is over

Priyadharshini

Student

33 Points Posted on 25 November 2019

Yes sir, I agree with above answer, we claim ITC fy 2018-2019 till sep-2019,and the due date for claiming itc of fy 2017-2018 is already completed.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 25 November 2019

In term of Order 1/2018 GST : Last date to claim ITC for fy 2017-28 is 31/3/2019

In term of Proviso to Section 16 of CGST Act : Last date to claim ITC for FY 2018-19 is 30/9/2019

Jamil Ahmed

615 Points Posted on 25 November 2019

@ Mr. Pankaj Rawat, the last date for claiming ITC for any year is the due date of filing return under Section 39 for September of the following year. So, it is not 30/9 but 20/10.

Shivam RC

Student

23693 Points Posted on 25 November 2019

Due Date is over. Nothing can be done now.

As per the Provision of Section 16(4) of the CGST Act 2017, last date to claim ITC for FY 2018-19 was "20.10.2019" ( Due date of filing FORM GSTR-3B for the month of SEPTEMBER 2019 ).

Therefore, the ITC will be lapsed.

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 26 November 2019

@ Mr Anjum.,

For FY 17-18 no way for claim ITC as per above said due dates by experts...

For FY 18-19 also due date is over. But, In case You are not filed Your Sep-19 GSTR returns then You can avail the missed ITC in OR before filing of September-19 returns or annual return which is earlier...

Pankaj Rawat

GST Practitioner

55067 Points Posted on 26 November 2019

@ jamil ahemed

the last date to avail itc is sept month, & its understandable that the credit can be claim only after the end of month ie can be october onwards & not 20/10 means if i file the sept19 return in november can avail the itc