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Query regarding input tax


Mackie (Entrepreneur )     15 October 2020

Mackie
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Hello friends,

Have couple of queries on input tax:

1) I will b claiming input tax fr fy 19-20 in this months gstr3b. Till when can i claim input tax earned frm March20 to sept 20 fr fy20-21?

2) while claiming input tax, i will hve to enter details in gstr3b. Do i need to fill details else where too? Do we also need to enter input tax details in gstr1?

note: We are a regular tax payer bd we file gstr1 quarterly.

thanks! 

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Mackie (Entrepreneur )     15 October 2020

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Can nyone help? Wht is the last date of filing gstr3b? Is it 22 oct or 20 oct fr normal taxpayer less thn 1.5 cr turnover?

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Heet Shah (Tax Consultant)     15 October 2020

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You can claim the ITC any tym before September of next year or before date of filing annual return whichwhic is earlier

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Heet Shah (Tax Consultant)     15 October 2020

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You just need to fill in tax amounts in GSTR 3b. You may confirm  the same through 2A.

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pavan mykon   15 October 2020

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We should not clime input before more than 180 days we can't take input

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Mackie (Entrepreneur )     16 October 2020

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Originally posted by : Heet Shah
You just need to fill in tax amounts in GSTR 3b. You may confirm  the same through 2A.

Thanks Heet

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Mackie (Entrepreneur )     16 October 2020

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Originally posted by : pavan mykon
We should not clime input before more than 180 days we can't take input

Hi pavan very confused about what you said. Could you pls explain in detail about 180 days? 

pavan mykon   16 October 2020

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The buyer should pay the supplier for the supplies received within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability.

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Ashwin Kumar   16 October 2020

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You can claim the inputs in the return which you are going to file on Oct 20...make sure you confirm the same with 2A...if it's not now then you can never be able to take input credit later

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Mackie (Entrepreneur )     16 October 2020

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Originally posted by : pavan mykon
The buyer should pay the supplier for the supplies received within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability.

Ok thnks  Pawan! We have already paid the supplier immediately fr the services availed and also hve payment receipts. Thnks fr the info! 


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