Missed claiming ITC

Hey Dipankar! Here’s what you need to know about claiming missed ITC:

Can you claim ITC missed in April 2022 now (in April-June 2023 GSTR-3B)?

• As per GST law, you can claim ITC for a particular tax period up to the earlier of the following:

  • The due date of filing the return for September of the following financial year, or

  • The date of filing the annual return for that financial year.

• For ITC related to April 2022 (FY 2022-23), the due date to claim ITC was September 2023 (since the due date for filing annual return is usually December 2023).

• Since April-June 2023 GSTR-3B is filed before that due date, you can still claim the missed ITC in that quarter’s return, by adding the amount to the “Other ITC” or appropriate ITC head.

What to do practically?

• Add the missed ITC amount (₹3500) in the ITC available section under “Other ITC” (or the relevant input tax credit category) in your GSTR-3B for the quarter April-June 2023.

• Make sure to keep proper records/proofs for this ITC claim.

If you miss this window, you cannot claim this ITC later.