ITC is legal.

If we get ITC from any company for the said year 2018-2019. and the company filed GSTR3B and GSTR1 in proper way and proper time. but the same company's registration cancelled in the year 2022-23.
Did we get ITC.
Replies (3)
Quick Summary
This discussion clarifies that Input Tax Credit (ITC) is generally claimable even if the supplier's GST registration is cancelled in a later financial year, provided the ITC was availed in compliance with Section 16 requirements during the relevant financial year (e.g., 2018-2019). Accumulated ITC can be set off in subsequent years, and the subsequent cancellation of the supplier's GSTIN should not impact your eligibility if all conditions were met initially.

Yes you will get ITC subject to section 16(4)
Wr

please note itc accumulated if any can be set off in succeeding years.

If you have availed ITC in compliance to requirements of section 16 in fy 18-19, there should not be any impact of cancellation of supplier's GSTIN in fy 22-23 on your ITC.

Regards

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