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Unavailed ITC

mukesh kumar sah (Accountant) (50 Points)

28 May 2018

I have unclaimed ITC in books due to delay in receiving the bill from supplier in almost all month, Now my question is to take these ITC now...

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7 Replies

srinivas Bhgavatula (service) (33 Points)
Replied 28 May 2018

yes you can claim now

RAJA P M ("Do the Right Thing...!!!") (127400 Points)
Replied 28 May 2018

Yes... You can...

1 Like

Rakshit (practising) (338 Points)
Replied 28 May 2018

yes you can claim till the filing of GSTR 1 for the month of September or filing of annual return , whichever is earlier.

Raksh*t

9810525780

advrcverma @ gmail.com

Rakshit (practising) (338 Points)
Replied 28 May 2018

yes you can claim till the filing of GSTR 1 for the month of September or filing of annual return , whichever is earlier.

Raksh*t

9810525780

advrcverma @ gmail.com

RAJA P M ("Do the Right Thing...!!!") (127400 Points)
Replied 28 May 2018

Yes...
But, Some of the ITC is restricted as per sec 17(5) of CGST act...

Please go to refer the section...

RAJA P M ("Do the Right Thing...!!!") (127400 Points)
Replied 28 May 2018

Sorry Wrongly posted here... 🙏🙏🙏

Vinod Babu (24191 Points)
Replied 28 May 2018

ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:

Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return

Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.