Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

March dated bills claim

ravee chand (B.Com) (59 Points)

19 June 2020

Sir Mar 2020 input bills can i claim in Jun 2020 returns?

Reply
Follow
Share

3 Replies

David (article Assistant) (1639 Points)
Replied 19 June 2020

Yes, you can claim. Input tax can be claimed before sep month return of the following year or date of filling annual return which ever is earlier.

RAJA P M ("Do the Right Thing...!!!") (127483 Points)
Replied 19 June 2020

@ Mr Ravee Chand.,

Yes... You can claim ITC for the FY 19-20 (for Mar-20) in Jun-2020 GST returns.

Note : You can claim any missed ITC on or before filing of September 20 GST returns for FY 19-20

CA Akshay Hiregange (Partner - Audit & Assistance) (4515 Points)
Replied 19 June 2020

Also, ensure compliance of Rule 36(4) - matching of details with GSTR 2A.

This has been relaxed based on notification 30/2020-CT for the period Feb - Aug 2020, with a condition to perform matching on a cumulative basis in Sept 2020.