ITC AVAILABLE OF NOT AVAILABLE

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Senior Accountant
80 Points Posted on 05 September 2020
We have received invoice 2018-19. And ITC Taken same year. But Supplier filed Gstr1 in March 2020.

In GSTR2B Showed it is not available Itc (post annual cut off.)

So, this Itc eligible or reverse from my side.

pls suggest me.
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On 05 September 2020 at 13:32 Report
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Quick Summary
A user is seeking clarification on Input Tax Credit (ITC) eligibility for an invoice dated 2018-19. Although ITC was claimed in the same year, the supplier filed their GSTR-1 in March 2020, resulting in the ITC showing as 'not available' in GSTR-2B due to the annual cut-off. The user received the invoice in January 2019 and needs guidance on whether the ITC is eligible or needs to be reversed.

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3924 Points Posted on 05 September 2020
What is the date of Invoice you have taken ITC in 2018-19?.
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On 05 September 2020 at 15:58
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223 Points Posted on 05 September 2020
You can claim ITC based on the invoice received in 2018-19
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On 05 September 2020 at 17:56
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Senior Accountant
80 Points Posted on 06 September 2020
Invoice received Jan 2019
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On 06 September 2020 at 06:41

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