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ITC of FY 2020-21

Ganesh (Accountant) (64 Points)

22 January 2022

Dear All Experts,

Good Evening

my query: our one of supplier filed March 2021 GSTR-1 in Oct 21.

we have claimed itc for March 2021 as per availability of itc at the time filing.

will be eligible to claim that itc on the December 21 return.?

please suggest 🙏

regards
Ganesh

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8 Replies

CA Aakarsh Jain (CA) (10216 Points)
Replied 22 January 2022

No you cannot take it now

2 Like

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 23 January 2022

If you have already claimed it why do you want to claim it again?

1 Like

Ganesh (Accountant) (64 Points)
Replied 23 January 2022

No we have not claimed itc. at the time 3 b filing the supplier not filed his gstr-1 and 3b within the due date. he filed relevant returns in October 2021

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 23 January 2022

You should have taken then or in September. Now it is not allowed to claim such ITC.

1 Like

Ganesh (Accountant) (64 Points)
Replied 23 January 2022

Thank you all

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 25 January 2022

itc claimed in the month of March 2021 is not valid in the eye of law as the supplier did not show such supply in his return so the recipient can not take itc of the same (only on the basis of invoice 's availability)