Input tax credit
Sai Maheswari (25 Points)
24 November 2017
Can I take input tax credit of Oct month bill in Nov return if I forgot to claim it in that month return i. e Oct return
11 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 24 November 2017
rectify all mistakes in GSTR 1/2/3
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 24 November 2017
In the time filled GSTR 2 you accept all Input and correct in GSTR-3 for the relevant month
VIKAS SAINI
(1163 Points)
Replied 24 November 2017
You can take the input on the bill in Nov month. There is no issue
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 24 November 2017
| Originally posted by : Sai Maheswari | ||
 |
Can I take input tax credit of Oct month bill in Nov return if I forgot to claim it in that month return i. e Oct return |  |
Why not...??!
You can take the ITC on November GSTR 3B return...
Also no way for Input Taken in GSTR 2 and No way for adjustments in GSTR 3 for the FY 2017-18...
So, Don't be wait...
Aditya Agrawal
(Student CA Final)
(146 Points)
Replied 24 November 2017
Yes definitely.
You just need to ensure that the person from whom you have purchased has shown it in his outward supply return i.e GSTR 1 for either november or earlier months and also that in the GSTR 2A of october you have marked it as pending and then you can claim it in November GSTR 2.
Hope this helps ...
CHIRAG
(Student CA IPC / IPCC)
(35 Points)
Replied 25 November 2017
We can take In GST Credit 180 Days
CHANDAN KUMAR SHAW
(ASST MANAGER - ACCOUNTS AND FINANCE)
(44 Points)
Replied 25 November 2017
As per Section 16 (15) of the MGL, ITC cannot be taken beyond the month of September of the following FY to which invoice pertains or date of filing of annual return, whichever is earlier.
The underlying reasoning for this restriction is that no change in return is permitted after September of next FY. If annual return is filed before the month of September then no change can be made after filing of annual return.
So, in this case you can claim input tax credit.
ankita
(E commerce Manger)
(67 Points)
Replied 26 November 2017
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