Missed ITC..

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.

U are absolutely right sir....

@ Atul Shah

ITC cannot be claimed now even if shown in GSTR-9 since ITC cannot be claimed through GSTR-9

@ Manoj Punjabi

ITC cannot be claimed by virtue of section 16(4) read with law of prescripttion

Tax authorities can tax for FY 2017-18 since time for issuing notice is still allowed read with law of limitation.

This may be harsh but it is totally as per law.

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