Itc

Hi,

Yes, your understanding is correct.

You can take it in annual return.

Hello Sir/Madam,

if you had claimed ITC of 2018-19 in 2018-19 then you can simply take benefit of 2017-18 ITC by showing that which you have already claimed is belong 2017-18 and for 2018-19 you are still eligible.

because there is no details in 3B for period of taking ITC.

for more details you can book telephonic consultation, i will explain

You can claim it and also after a judgement from Gujarat high court you can claim ITC after 31-3-19 also but still Same has not been applicable by portal and your supplier would have shown it 2017-18 bill so when you will file 18-19 annual return how will you reconcile your credit with 2A.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi

The last date to claim ITC for FY 17-18 was 31.3.19.

Yes, since it is a cumulative figure, taxpayers may take advantage and manipulate entries. However, it would be important here to justify the ITC claim figures and claim ITC for FY 18-19 before 30.9.19.

Hello,

Yes, since it is a cumulative concept, you can take advantage of it by claiming the ITC of F.Y. 2018-19 to be of F.Y. 2017-18 and claim the adjusted amount of ITC till 30th Sept 2019 as ITC of F.Y. 2018-19.

I hope this answer satisfies your requirement.

Regards,

CA Hunny Badlani

Hi

Yes you can take advantage of it and take it in annual return.

Lawfully you are not allowed to do so and you will fail in justifying the figures. :)

Thanks