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ITC OF FY 1819 IN FY 1920

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Siddharth

article

72 Points Posted on 24 July 2020

Dear sir / mam,

i have itc of Rs- 2 lacs in fy 1819 and same is not claim in fy 1819 nor it is claim till September 19 gstr 3b. i have file NIL gstr 3b for all above period. whether there are any option to claim itc of fy 1819 in fy 1920. my Annual return of fy 1819 & feb 19 onward gstr 3b is pending. can i claim it any how?

Replies (5)

Quick Summary

This discussion addresses whether it's possible to claim Input Tax Credit (ITC) from the financial year 2018-19 in the financial year 2019-20. The consensus is that the deadline to claim ITC for FY18-19 has passed, as it needed to be claimed by the due date of the September 2019 GSTR-3B return (October 20th, 2019). Therefore, it is generally not possible to claim this ITC at this stage.

Shivam RC

Student

7666 Points Posted on 24 July 2020

No Sir...
The last date to claim ITC for FY 2018-19 is gone...
We have no further options...

CA Rashmi B

Assistant Manager

354 Points Posted on 24 July 2020

The ITC relating to a FY can be availed on or before ethe due date of September Returns of the subsequent FY. therefore for the FY 18-19 ITC WAS supposed to be availed before October 20th 2019. As the said time period is over the ITC relating to FY 2018-19 cannot be availed.