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ITC on Capital Good Purchase last year

ITC / Input 203 views 2 replies

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

Replies (2)
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)
Actually Right sir


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