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ITC CREDIT
If we have taken ITC credit of Rs.10000/- of Fy 2017-18 bills but party has missed to upload Bills in GSTR1 in Fy 17-18 return and Sep- 18 return, then what will happened? Can we still claim that ITC credit?
Replies (5)
to my best knowledge thats not a valid thing.
during assessment you are answerable for it..
as of now you can adjust your tax liability with that of input tax to be claimed.
for suppose your tax liablity is 115000
and input credit tax(which party has missed) is 100000
so u need to just pay 15000/- for now..
ask your party to still add that missing bill if possible in next month but only condition that portal allows that to do...
bcz last ammendment was to be made in september month and you have missed that too..
@ Vaishali.,
Your query is not cleared Or Completed. So, Please elaborate Your query once again.
Your query is not cleared Or Completed. So, Please elaborate Your query once again.
@ harshil Jain ... you are right that he should ask the party to amend but as you said last date is over ..well it is not..his supplier can add the bill in September 2018 GSTR1 ..the last date for which is 30th October 2018.
but she already mentioned that the party has filed the return and missed the missing invoices in september return too
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