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Missed ITC..

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Atul Shah

88 Points Posted on 23 January 2022

Can we take missed gst itc of nove/20 in janu/21...? We forgot in to take in sept/21 gstr3b.. Pla.to giued me....

Replies (17)

Quick Summary

This discussion clarifies the rules around claiming missed GST Input Tax Credit (ITC). Generally, ITC for a financial year must be claimed by the due date of the GSTR-3B return for September of the following financial year, or the GSTR-9 due date, whichever is earlier. While technically not allowed after this deadline, some practical advice suggests it might be manageable if issues arise, though it's not strictly by the book. The consensus is that claiming ITC for November 2020 in January 2021 or later, or for November 2020 in December 2021, is generally not permissible due to expired time limits.

CA Altamush Zafar

GST Consultant

10402 Points Posted on 23 January 2022

ITC of november 2020 cannot be taken now.

RENU SHARMA

663 Points Posted on 23 January 2022

Time limit is over you can not claim such ITC

MPR Sanjay Kumar

1675 Points Posted on 24 January 2022

Generally what is the time limit to take ITC input tax credit claim

CA Altamush Zafar

GST Consultant

10402 Points Posted on 24 January 2022

Till the return of September of the next FY

CA Altamush Zafar

GST Consultant

10402 Points Posted on 24 January 2022

Due date of return (GSTR3B) of September of the next FY

Atul Shah

88 Points Posted on 24 January 2022

Can we adjust itc which we claimed in next fy

Vishaal Vk

46 Points Posted on 24 January 2022

As per rules it is not allowed. but pratically speaking... we still take ITC which we have missed. we can handle this situation if at all any issue occur. As per Pratical - you can take...but as per rule not allowed.

ashok kabdal

article

61 Points Posted on 24 January 2022

ITC of any FY is allowed earlier of following dates:-

1. September end of next FY or

2. GSTR 9 due date

so practically it September month end return date. In your case it is 30.09.2021.

RAMESH PUROHIT

24 Points Posted on 24 January 2022

YES U CAN TAKE ITC OF NOV 20 IN JAN 21 TILL SEPT 21

Baldev Sharma

Service

35 Points Posted on 24 January 2022

As per the latest amendment by GSTN, The Debit Note / Credit Note delink., Now there is no link between bill and CN so, We can take ITC on older Invoices too

CA Naveen Chand

Chartered Accountant

8022 Points Posted on 25 January 2022

Atul ji , I think you are talking about to take ITC in the month of Jan 2022 - Answer is No as the time allowed has been elapsed.

Nidhi

Chief Accountant

1673 Points Posted on 29 January 2022

No, U can't..As time limit already expired

Atul Shah

88 Points Posted on 05 February 2022

Sir, can we claim. itc of nove. 20 in in dece.21 3b return and mention in GSTR9 which last date is 28/02/2022... Is it possible?

Manoj Punjabi

Accountant

269 Points Posted on 05 February 2022

I have a question?

If authorities can force you to pay unpaid Outward GST of 2017-18 now for mismatch, error, or for any reason, then why can't they allow traders to take ITC credit of previous years which was missed by error & now appear in mismatch.

Just asking, isn't is unjustified?