In case of filing late returns,can someone use later months input for previous month tax
ex: We are filing late returns from January 2020 in October.So can we utilise the ITC of October month to January.....which is relat
ed to later period
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ITC UTILISATION
Replies (7)
As per law, INPUT can be availed on the basis of invoice., Deferment of ITC possible.
I didn't get you can you elaborate it with an example or concern section/rule
Yes, you can utilize ITC of october month for Jan liability
Is there any relevant section under GST
49(4)
No if you hv accumulated gst then you can certainly utilize it .
| Originally posted by : Vamshi Krishna | ||
 |
In case of filing late returns,can someone use later months input for previous month taxex: We are filing late returns from January 2020 in October.So can we utilise the ITC of October month to January.....which is related to later period |  |
You are not Eligible Later Month Input for Earlier Month Tax Liability
For Claim ITC basic condition must be fulfilled for Claim ITC as Per Section 16 of CGST Act
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