I am facing a dilemma with regards to unclaimed ITC. Am I eligible for ITC in the following cases? (ITC spanning from July 2017 to March 2018)
1. ITC recorded in GSTR 2A; omitted in GSTR 3B
2. ITC taken in GSTR 3B; but not auto populated in GSTR 2A
3. ITC not availed in GSTR 3B nor auto populated in GSTR 2A; but valid invoice available.
Also, During which period can I claim such previously omitted ITC? In which Financial Year?
What is the procedure for claiming such ITC?
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Unclaimed Input Tax Credit
Replies (5)
| Originally posted by : Sreekanth K | ||
 |
I am facing a dilemma with regards to unclaimed ITC. Am I eligible for ITC in the following cases? (ITC spanning from July 2017 to March 2018)1. ITC recorded in GSTR 2A; omitted in GSTR 3B2. ITC taken in GSTR 3B; but not auto populated in GSTR 2A3. ITC not availed in GSTR 3B nor auto populated in GSTR 2A; but valid invoice available.Also, During which period can I claim such previously omitted ITC? In which Financial Year?What is the procedure for claiming such ITC? |  |
In First Case :- Take ITC In GSTR-3B so that ITC reflect in Electronic Credit Ledger
In Second Case:- Ask to Seller whether he filled GSTR-1 or not because you are elegible to take ITC at final when seller filed GSTR-1
In Third Case:- You have valid Invoice take Credit it otherwise NO ITC received in the third Case
Thank you.
But how to take ITC?
The ITC pertains to FY 2017-18. Should I take it in the next return; i.e. April 2018?
And if not, since GSTR 3B cannot be revised, what else can be done?
But how to take ITC?
The ITC pertains to FY 2017-18. Should I take it in the next return; i.e. April 2018?
And if not, since GSTR 3B cannot be revised, what else can be done?
Itc can be adjusted in next GSTR 3B
Yes you cannot revise the 3b, can claim/adjust in you current 3b
As it is pertaining Previous FY , so do prepare Reconciliation Statement
As it is pertaining Previous FY , so do prepare Reconciliation Statement
Yes. In GST no revise for returns. Only ammendment or adjustment is possible.
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