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ITC Taken ... But GSTR-1 late submission by Input Supplier

137 views 1 replies

sujit naha

accountant

355 Points Joined June 2014

1) We have taken Input Credit --- on MAR ' 2019 >>>>( Invoice No. 100 dated 11/03/2019)

2) But Input Supplier Filed GSTR -1 -- on Aug '219 >>>> (Invoice No. 100 dated 11/03/2019)

Question:

1) Can ITC will rejected ???? ( Invoice No. 100 )

2) What is the GST Rule in above incidents

Please reply ... thanks

Replies (1)

SASMITA

AUDIT MANAGER

97 Points Joined March 2020

As per section 16(4) of cgst act ITC of a fy can be availed till the due date of filing of return for the month of September of the succeeding month or date of filing of annual return for the relevant year which ever is earlier.
so in your case if annual return has not been filed before the due date of filing of return for the month of September 2019, then ITC will be available to you..