CA Practice
93 Points
Posted on 05 November 2019
Any additional ITC of FY 2017 18 cannot be claimed now in GST Returns.
Previously, GSTR-3B is not considered as return as per GST Act. We used to have a Cushion to consider any ITC for FY 2017-18.
Now that Government as notified that only 20% of ITC can be claimed in GSTR-3B if invoices are not reflected in GSTR-2A, it will also impact you for taking credit for FY 2017-18
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