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PURCHASE OMMISSION

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MURALIDOSS

INCOME TAX PRACTITIONER

1329 Points Joined August 2012

SIR,

FOR THE YEAR 2017-18 THERE WAS A PURCHASE OMMISSION FOR RS.10000 FOR THIS ITC 1800/-

SO IT WAS REFLECTED AT THE END OF THE YEAR I HAVE EXCESS ITC AS PER 2A.

FOR THIS CASE SO FAR WE ARE NOT FILED ANNUAL RETURN.

CAN I TAKE THAT 1800 ITC AND SALE ALSO IN ANNUAL RETURN?

ANY ANSWER PLS...

Replies (3)

Abhishek Selvam O

374 Points Joined December 2017

Last date to claim itc for Financial year 2017-2018 is 30/9/2018 so cannot be claimed now.

Shivam RC

Student

23688 Points Joined November 2017

The last date to claim ITC for the FY 2017-18 is gone now. The due date to claim ITC for FY 2017-18 was extended by CBIC till the due date of filing Return for the month of March 2019 ( i.e. 20th April 2019 ) vide Removal of Difficulty Order (ROD) No. 2/2018 - Central Tax, dated 31st December 2018.

Hence the credit is lapsed now...

Vijayprakash P

1313 Points Joined July 2018

Where such ITC is not claimed by such person in respective month, the same would be claimed by such person at any time upto the due date of filing return for the month of september following the end of the financial year to which such invoice pertains or before filing annual return by the recipient. Hence you are unable to claim ITC in this case.