Please Reply Me
My company Purchase capital good in FEb 20 ,but forget to take ITC in Feb /March 20 3B
Now change FY 2019-20 to 2020-21 , Can We Take ITC of FY 2019-20 In FY 2020-21 Monthly 3B and how can take
Thanks
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ITC on Capital Good Purchase last year
Replies (2)
Quick Summary
As Per GST law, Time limit to claim ITC against an Invoice or Debit Note is earlier of below dates:
The due date of filing GST Return for September of next Financial year (i.e 20th October, 2020)
OR
Date of filing the Annual Returns relevant for that Financial year
So, you can take ITC of Capital Goods Purchased in February, 2020 in F.Y 2020-21 up to 20th October, 2020 in any GSTR 3B (add this with normal ITC of that month in "other ITC" column)
The due date of filing GST Return for September of next Financial year (i.e 20th October, 2020)
OR
Date of filing the Annual Returns relevant for that Financial year
So, you can take ITC of Capital Goods Purchased in February, 2020 in F.Y 2020-21 up to 20th October, 2020 in any GSTR 3B (add this with normal ITC of that month in "other ITC" column)
Actually Right sir
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