ITC OF FY 1819 IN FY 1920

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96 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?
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On 24 July 2020 at 01:54 Report
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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.

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Student
23693 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...
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On 24 July 2020 at 10:02
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Assistant Manager
787 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.
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On 24 July 2020 at 11:33
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Tax and Business Consultant
11616 Points Posted on 24 July 2020
No, there is no option to claims ITC of F.Y 2018-19 as time limit to claim ITC is already expired.
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On 24 July 2020 at 11:47
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96 Points Posted on 24 July 2020
Thanks to all for Quick responses
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On 24 July 2020 at 13:16
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Student
23693 Points Posted on 24 July 2020
Your Most Welcome Sir...
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On 24 July 2020 at 13:19

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