Dear Sir,
We have purchased goods from Supplier in the month of September 2020 in same month we have claimed The ITC as per bill. but my supplier has filed his return in December month please suggest can I face any issue because I claimed the ITC in September but ITC reflect in my 2A in December.
Menu
Supplier file GSTR 1Late
Replies (7)
Firstly check the date of Invoice. If date of Invoice is from Sept 2020, then nothing to do.
But if the date is from Dec, then you have to pay interest on such ITC.
But if the date is from Dec, then you have to pay interest on such ITC.
Interest is applicable only if the said credit was utilised .
That is if your credit balance is high than the credit wrongly availed, then no interest would be applicable
That is if your credit balance is high than the credit wrongly availed, then no interest would be applicable
Dear Madam
invoice date 30 September 2020
invoice date 30 September 2020
No need to do anything. You can claim such ITC .
Thank you Madam
You can claim such ITC. for claiming any ITC there is a fixed period allowed under GST act that is is within 6 months from the end up respective financial year ir are up to the date of filing annual return whichever is earlier.
hence you can claim ITC of September month up to 20 October of next year.
hence you can claim ITC of September month up to 20 October of next year.
Welcome my Pleasure....
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
