ITC of FY 20-21 CAN BE CLAIMED IN ANNUAL RETURN

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15 Points Posted on 28 December 2021
hi

can we claim excess ITC as refund in annual return
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On 28 December 2021 at 17:06 Report
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Quick Summary
It is not possible to claim excess Input Tax Credit (ITC) as a refund through the GSTR-9 annual return. The GSTR-9 is purely for disclosure purposes, and any unclaimed ITC cannot be carried forward or claimed. If you have unclaimed ITC, it will unfortunately lapse. For more detailed information on GSTR-9 and ITC, please refer to the provided blog post.

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GST Consultant
15986 Points Posted on 28 December 2021
No you can't. GSTR9 only for disclosure
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On 28 December 2021 at 22:46
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CA
1258 Points Posted on 21 January 2022

ITC cannot be claimed in GSTR-9. If there is any unclaimed ITC then it is lapsed. You can read all about GSTR 9 and ITC from this blog https://irisgst.com/gstr-9-all-you-need-to-know-about-it/

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On 21 January 2022 at 14:11

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