• Availing ITC for previous FY (17-18)

I do not file gstr3b for the month Aug ,2018 yet. if I file gstr3b ,Aug.after 25th Oct,18. Can I avail previous years itc in aug3b after 25th,oct.please clarify this....cgst law said due date of sep.gstr3b or annual return whichever is earlier.
Asked 6 years ago in GST

NO

Vivek Kumar Arora
CA, Delhi
5015 Answers
1136 Consultations

Hi,

Hope you are doing well !

No, you can not avail.

Payal Chhajed
CA, Mumbai
5189 Answers
302 Consultations

Hi,

Time limit to claim ITC against an Invoice or Debit Note is earlier of below dates:

The due date of filing GST Return for September of next Financial year

OR

Date of filing the Annual Returns relevant for that Financial year.

Now, you cannot avail previous year ITC.

Karishma Chhajer
CA, Jodhpur
2452 Answers
29 Consultations

Hi

No, you cannot avail the ITC.

Lakshita Bhandari
CA, Mumbai
5687 Answers
942 Consultations

So the due date for filing gstr 3b has passed so you can't avail credit now.

Naman Maloo
CA, Jaipur
4303 Answers
101 Consultations

Unfortunately you will not be able to claim the same

Nikhil Khanna
CA, Mumbai
1429 Answers
19 Consultations

You should have claimed the credit by the due date of September return because that’s earlier ie October 2018. The annual return is due to be filed by December 2018

Jasmina Jain Shah
CA, Greater Mumbai
458 Answers
4 Consultations

No sir, 25th October is the last date to claim itc of fy 17-18, unless date is extended by government

Priyank Kumar
CA, Agra
63 Answers

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA