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Lost itc after filing nil gst

25 November 2022

I purchased an laptop on March 7 2022 and was filing nil gst for 8 months and on October month made a sale so on November I have a to ₹10800 gst but I'm not find my itc amount. what to do now?

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3 Replies

sabyasachi mukherjee (27858 Points)
Replied 25 November 2022

Upload electronic ledger to substantiate.

Amrit JSB (5 Points)
Replied 25 November 2022

Laymens term please

kl Bhavana (Student CA Final ) (417 Points)
Replied 25 November 2022

Hi Amrit,

From your query we can understand that you received invoice for laptop purchase with GST however you have not claimed it in GSTR 3B till October month. Now you have an output liability of 10,800 and hence you want to utilise the ITC on laptop purchased.

Please understand that in order to utilise ITC for your liability, you have to first cliaim it in your GSTR 3B. For the period 2021-22 the last day date to claim ITC is 30th November, 2022. So, if you have not yet filed your GSTR 3B of October, 2022 then please claim ITC in your GSTR 3B( If appearing in GSTR 2B).

Hope this clarifies, if more clarification required please write mail at Bhavana @ lbkca.in. We will be happy to assist you further.

Thanks
Bhavana K L
Chartered Accountant

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