My client had exceeded the threshold limit of 1.50 crores in composition during 2019-20 and was instructed by the department to be in regular as the threshold limit crossed.
The then accountant ignored to submit ITC-01 to claim aiTC on Stocks.
After two months the file was transferred to me and by that time the eligible 60 days time was over and even then I have tried to file ITC-01. But, Portal didn't accepted.
Could you please suggest how to claim the ITC of Rs.11.32 Lakshmi ITC on stocks .
S S N MURTY
4. Submit the form: File the GST CMP-02 form and pay the applicable late fee (if any).
Additionally, be prepared to address any potential queries or notices from the department.
Remember, it's essential to act promptly and accurately to claim the ITC on stocks.
CAclubindia
