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What is availment of credit and last date for availment of credit for the year 17-18

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Sivaramaraju G

Learner

1307 Points Posted on 27 January 2020

Hello Guys,

I am confusing with availment of credit of input tax.
What does it mean??
Is it claiming credit in GSTR 3B.
what is last date for availment of credit for the year 17-18.

And one more thing is my client is filed nil return even though taxable supplies were there in the month of feb 2018 and tax on that sales were clubbed in the month of August 2018 and availing credit in that month to pay output tax. Is it correct or how to deal with it in GSTR 9??

Replies (3)

Quick Summary

This discussion clarifies the meaning of input tax credit (ITC) availment, confirming it refers to claiming credit in GSTR 3B. It highlights that the last date to avail ITC for the financial year 2017-18 is 31st March 2019, as per Order 1/2018 CT. The thread also addresses a specific scenario where sales from February 2018 were reported in August 2018's GSTR 3B, advising to report these sales in Table 10 of GSTR 9.

Pankaj Rawat

GST Practitioner

29904 Points Posted on 28 January 2020

1. In term of Order 1/2018 CT , last date avail ITC for FY 2017-18 is 31/3/2019.

2. Need report the sale in Table 10 of GSTR 9 (Sale pertain to Feb 2018 but reported in 3b in August 2018) .