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ITC ?2018-19?

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manimaran

assistant accountant

70 Points Posted on 26 April 2020

I have missing my ITC claim in the FY 2018-19 ,shall I possible to claim the Credit in 2019-20?

Replies (5)

Quick Summary

This discussion addresses the possibility of claiming missed Input Tax Credit (ITC) for the Financial Year 2018-19 in subsequent financial years. Generally, the deadline to claim ITC for FY 2018-19 was September/October 2019, meaning it cannot be claimed in FY 2020-21 or later. While some consultants suggest it might be possible under certain conditions, this would likely lead to litigation.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 26 April 2020

How can you claim in Fy 2019-20????

the ITC for FY 2018-19 can be claimed till September 2019 . hence now you cannot avail

Shivam RC

Student

23693 Points Posted on 26 April 2020

No way to claim ITC pertaining to FY 2018-19 in the current Financial Year ( i.e. FY 2020-21 ). FY 2019-20 is over. The last date to claim ITC of FY 2018-19 was 20th OCTOBER 2019.

CA Altamush Zafar

GST Consultant

15986 Points Posted on 26 April 2020

As per the intention of the law ITC is not available as the time to avail has expired. But some consultants are of the view that ITC of 2018-19 can be claimed in 2019-20 even after 20th October 2019 subject to certain conditions. However the matter will be subject to litigation for sure.