ITC availment of previous months

96 views 2 replies

kva

service

22 Points Joined September 2008

we have missed out taking ITC for previous months, as per GST provisions we can take the credit before filing annual return or during filing of September 3b returns

now as you all know ITC is restricted to 5% of available credit in GSTR2A, how we can take rest of the credit, does 3b return allow me to take the credit, pls help

Replies (2)

soumya d prabhu

ernakulam

75 Points Joined August 2013

In case the supplier uploaded all invoices it is an eligible credit and 5% restriction is not applicable on it. It supplier haven't uploaded the invoice then only restriction of 5% is applicable

CA. Heet Shah

Tax Consultant & Practitioner

6185 Points Joined August 2017

Originally posted by : kva
	we have missed out taking ITC for previous months, as per GST provisions we can take the credit before filing annual return or during filing of September 3b returnsnow as you all know ITC is restricted to 5% of available credit in GSTR2A, how we can take rest of the credit, does 3b return allow me to take the credit, pls help

GSTR-2A is a dynamic return it keeps on changing as and when your ssupplier files GSTR-1. Further the said restriction of 5% is over the ITC available in GSTR-2A. Therefore the ITC missed by you in the prev month can rightly be claimed in current month.