ITC Claim

11 September 2018

Hello Sir,
I forget to take ITC for the month of July 2018 ,can I take that credit in August 2018 GSTR-3B.

thank you

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8 Replies

CA Ankit R Momaya (Partner at Bhat Momaya & Associates) (2319 Points)
Replied 11 September 2018

Yes, you can take the eligible credit in subsequent month's

2 Like

Vinod Babu (24191 Points)
Replied 11 September 2018

Yes, you can take the Missed out ITC in next month 3B Returns.

1 Like

Rudrayani Shedjale (Assistant Accountant) (751 Points)
Replied 11 September 2018

can we claim feb-18 ITC in the month of April-18 ?

CA VIRAL SANGHVI (Finance head) (681 Points)
Replied 11 September 2018

ITC can be claimed within one year from the date of issue of tax invoice relating to supply.

So you can avail the credit for the invoice of the month of Feb 2018.but you have to claim it in the month of April 18.

Rudrayani Shedjale (Assistant Accountant) (751 Points)
Replied 11 September 2018

so is it okay if i book the invoice on 1.4.18 & claim the ITC in april-18 only?

i am asking because we have closed our books for 17-18

Rudrayani Shedjale (Assistant Accountant) (751 Points)
Replied 11 September 2018

actually its reflecting in feb-18 GSTR-2A also

Vinod Babu (24191 Points)
Replied 11 September 2018

You revise your books of account.
You book the purchase in feb18 and take ITC in succeeding month 3B Returns.
Also prepare reconcile statement.

Rudrayani Shedjale (Assistant Accountant) (751 Points)
Replied 12 September 2018

I have prepared reconciliation statement But we have closed our tax audit.

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