ITC LAPSED

MY CLIENT HAD ITC IN ELECTRONIC CREDIT LEDGER RS 235000/-IN THE MONTH OF 07/2018.AFTER THAT WE CANNOT FILE GSTR 3B DUE TO HUGE LIABILITY. NOW MY QUERY IS 235000/- ITC IS IN FORCE OR LAPSE. IF LAPSE RELATES To Which SECTION. PLEASE CLARIFY GST EXPERTS
Replies (2)
Quick Summary
This discussion addresses a client's Input Tax Credit (ITC) of £235,000 remaining in their electronic credit ledger from July 2018. Due to a significant liability, GSTR-3B returns were not filed subsequently. The core question is whether this ITC has lapsed and, if so, under which section of the GST law. Experts suggest that if returns haven't been filed since July 2018 and the registration was cancelled (and not restored), the ITC would likely be considered lapsed under Section 29 of the CGST Act.

If your registration is cancelled and cannot be restored then it is lapsed
Yes agree with CA Zafer
if return not has been filed from July 2018 onward , your registration must be got cancelled subject provision of Section 29 of CGST Act & the ITC is lapse in that case.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details