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Gst3b returns

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401 Points Posted on 16 July 2020
I have file my october 2018 to march 2019 3B after 21st october 2019 and have claimed eligible itc of the said month But i got notice that the itc i claimed is eneligible and i have to reverse it and pay the interest tooWhat should i do the amount of itc is 18 lakhsPlz help
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On 16 July 2020 at 10:24 Report
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Practice
3235 Points Posted on 16 July 2020
Yes the department is correct as the last date to clain ITC for the FY 2018-19 was 20.10.2019
13 Reply
On 16 July 2020 at 10:56
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Assistant Manager
787 Points Posted on 16 July 2020
The Reversed ITC cannot be claimed back as the time period for availment of ITC was lapsed. That would become cost to the entity.
19 Reply
On 16 July 2020 at 13:18
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401 Points Posted on 16 July 2020
I have claimed it now i have to reverse and pay interest
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On 16 July 2020 at 18:36


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