INPUT CREDIT FOR THE YEAR 2019-2020.

This query is : Resolved

PALASH (Querist)
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21 June 2020 By mistake One purchase bill not shown for the month of Feb 2020, so no input tax taken on that purchase bill for the month of Feb 2020, but now For the Month of May 20 that purchase is taken into consideration for claiming input tax credit.
1) Should i avail input tax credit for the month of May 20 ?
2) What is the maximum time limit for utilization of Input Tax Credit for the FY 2019-2020 ?

Regards.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 June 2020 1. You can avail the input against the invoice raised in Feb 2020 in GSTR-3B for the m/o May 2020.
2. Input for FY 2019-20 can be availed till the due date of filing GSTR-3B for the m/o September 2020.