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ITC CLAIM

subhagan sreerangam (7059 Points)

18 October 2018

ITC Claim for the FY 2017-2018 extended?.

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12 Replies

B Yerram Raju (Deputy Manager) (23 Points)
Replied 18 October 2018

upto what is date

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kiran Kumar (54 Points)
Replied 18 October 2018

Last date to avail GST Input Tax Credit for July'17-March'18 not likely to be Extended

rahul (a) (1620 Points)
Replied 18 October 2018

not extended but hope for extend till dec-18 or mar-19

kiran Kumar (54 Points)
Replied 18 October 2018

Last date to avail GST Input Tax Credit for July’17-March’18 not likely to be Extended: Govt has issued press released where it is mentioned that the apprehension that ITC can be availed only on the basis of reconciliation between FORM GSTR-2A and FORM GSTR-3B conducted before the due date for filing of return in FORM GSTR-3B for the month of September, 2018 is unfounded as the same exercise can be done thereafter also.

rahul (a) (1620 Points)
Replied 18 October 2018

they will extend because next year election and due to non extending many become defaulter due to heavy tax credit reversal

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subhagan sreerangam (7059 Points)
Replied 18 October 2018

Reconciliation between GSTR-2A with GSTR- 3B is huge difference between the Actual itc.supplier has not uploaded the invoices there in GSTR1.How can reconcile it correctly.

rahul (a) (1620 Points)
Replied 18 October 2018

many are facing this problem

use excel vlookup etc use to reconcile.

dont worry i hope its extend till mar-19

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 19 October 2018

Icai requests govt. extend deadline for availing itc for fy 2017-18 upto 31 dec. 2018 https://www.caclubindia.com/forum/details.asp?mod_id=488974

https://caclub.in/cbic-clarification-on-icai-request-to-extend-deadline-upto-31-dec-2018-for-availing-itc-fy-2017-18/