ITC of Fy 1718 in Fy 1920

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96 Points Posted on 16 July 2020
Dear sir / mam

i have following query -

One of my client has gst itc in fy 1718 amounted to Rs- 5lacs same is not avail / consider in GSTR 3b of FY 1718 & FY 1819 nor in annual return of fy 1718
Is it possible to claim it anyhow in FY 1920?
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On 16 July 2020 at 02:06 Report
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Quick Summary
A client has unused GST Input Tax Credit (ITC) of Rs 5 lakhs from FY 2017-18 that was not claimed in subsequent GSTR-3Bs or the annual return for that year. The general rule is that this ITC cannot be claimed in FY 2019-20. However, there are exceptions for ITC related to the import of goods or TR-6 challans, which may still be claimable regardless of standard time limits.

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284 Points Posted on 16 July 2020
Not Possible In The 19-20 sir
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On 16 July 2020 at 05:47
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Partner - Audit & Assistance
4825 Points Posted on 16 July 2020

If the credit is in relation to import of goods, or TR-6 challan - credit eligibility can be disputed and claimed irrespective of time limits mentioned in Section 16(4). For such assistance write to akshay @ hiregange.com

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On 16 July 2020 at 16:41

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