15 November 2018
I want to know how to show credit note of 17-18 in GST return which received after Sep-18. * can we show it in GSTR1 & then return ITC in GSTR3B. or any other way.
15 November 2018
Input tax credit against any tax invoice / debit credti note pertaining to FY 17-18 can be claimed up to the last date of filing GSTR -3 of September month of FY 18-19 or the annual return of FY 17 -18 whichever is earlier..
15 November 2018
According to press release dtd. 18.10.2018,
According to section 16 (4) of the CGST Act, 2017, a registered person shall not be entitled to take ITC in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains (hereinafter referred to as “the said invoices”) or furnishing of the relevant annual return, whichever is earlier.
It may, however, be noted that the Government has extended the last date for furnishing of return in FORM GSTR-3B for the month of September, 2018 for certain taxpayers who have been recently migrated from erstwhile tax regime to GST regime vide notification No. 47/2018- Central Tax dated 10th September, 2018. For such taxpayers, the extended date i.e. 31st December, 2018 or the date of filing of annual return whichever is earlier will be the last date for availing ITC in relation to the said invoices issued by the corresponding suppliers during the period from July, 2017 to March, 2018.
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