Hi, I hv not claimed ITC for f.y 19-20. in its booked as total amount. Now, How I can adjuste the ITC of not claimed ITC under book of account. Means, To whom I hv to credit and to who I hv to debit.??
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Quick Summary
This discussion addresses the possibility of claiming Input Tax Credit (ITC) for the financial year 2019-20 after the deadline has passed. The consensus is that direct claiming of ITC for FY 19-20 is no longer possible as the due date has expired. One suggestion offered is to potentially replace an old invoice with a current year invoice (from April to September 2020) if the amounts and GST are the same, allowing ITC to be claimed in the March 2021 GSTR3B.