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claim itc on sep 18

srikumar (audit staff) (1203 Points)

18 October 2018

my client missed some input credit for 2017-18 now claim sep 18, my doubt was, if sep month return filling dec 18 along with late fee.
can I claim itc on missed input on dec 18?
but GST annual return date also dec 18?

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9 Replies

CA Rakesh Joshi (Chartered Accountant ) (1272 Points)
Replied 18 October 2018

If you want to file with late fee beacuse you want to claim ITC you can do so.

But filing after the due date is not suggested.

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rahul (a) (1620 Points)
Replied 18 October 2018

srikumar for taking credit of 17-18 last date is due date of sep18 return so you are required filed till 20th oct 2018 after that no itc can claim even though you are ready to pay late fee and interest

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Vinod Babu (24191 Points)
Replied 18 October 2018

Sec16 [4] A registered person shall not be entitled to take input tax credit 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 or furnishing of the relevant annual return, whichever is earlier.

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rahul (a) (1620 Points)
Replied 18 October 2018

vinod ji right....

CA Rakesh Joshi (Chartered Accountant ) (1272 Points)
Replied 18 October 2018

I stand corrected.

To take ITC one should file within due date. i.e. for Sept 2018 GSTR 3B file within 20th Oct 2018.

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 18 October 2018

Yes Agree with Vinod ji , Act read out "for Sept Return " not "Upto Sept Month"
Hence you can file same in dec18 by depositing Late fee.

Note : Most of taxpayer is planing to do so as last date to file GSTR1 is 31/10/18 so in Rcecipent 2A its going to reflect only after Nov18

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