ITC RELATED

How to take ITC on Purchase, if not take in same month. Can we avail in next month ......
Replies (7)
Yes... Why not...?! 😁😁😁

Example:

For the Month of December:

Purchase Rs. 10,000/- on which IGST Rs. 500/-

Sales: Nil

For the Month of January:

Purchase: Nil

Sales: Rs. 20,000/- on which IGST Rs. 1,000/-

Now, when we will file GSTR 3B for January, we shall take entire IGST as ITC even if no sales take place in December.

In February, (during filing of GSTR 3B for January) we shall get ITC credit of January  i.e. Rs. 500/-. So we have to pay the remaining Rs. 500/- by Challan via E Payment/ NEFT/ OTC.

IF WE DOES NOT MENTION ITC IN DEC. RETURN I.E JANUARY, THEN WHETHER WE CAN CLAIM IT IN FEB.
You can mention ITC and Take credit

If you can't show the ITC in previous months then you can show the details in next month gstr 3b upto march 2018.

no more restrictions...

Originally posted by : SANJAY GOEL
IF WE DOES NOT MENTION ITC IN DEC. RETURN I.E JANUARY, THEN WHETHER WE CAN CLAIM IT IN FEB.

If you do not mention ITC in december, then, you can not avail the benefit of carry forward of ITC. 

Originally posted by : A.K.Banik



Originally posted by : SANJAY GOEL



IF WE DOES NOT MENTION ITC IN DEC. RETURN I.E JANUARY, THEN WHETHER WE CAN CLAIM IT IN FEB.





If you do not mention ITC in december, then, you can not avail the benefit of carry forward of ITC. 

Why

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