PURCHASE OMMISSION

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)
Quick Summary
This discussion addresses a purchase omission from FY 2017-18 where £10,000 was not accounted for, resulting in a missed ITC claim of £1800. The user has excess ITC as per GSTR-2A and has not yet filed the annual return. However, it's clarified that the deadline to claim ITC for FY 2017-18 has passed, even with extensions. The credit is considered lapsed as it could not be claimed by the extended due date of 20th April 2019 or before filing the annual return.

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

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