ITC on expense relating to earlier years

279 views 5 replies

One of our suppliers used to raise rent invoices without GST till Nov' 2018. In Nov 2018, they have raised a consolidated invoice (including GST) for the period 1.7.17 to 31.10.18.

We have not availed ITC on same till now, can we do it now??? Is there any reference for availing ITC in current year relating to previous years expenses. I think only part of it will be reflected now under GSTR 2A.

Please suggest. Thanks in advance

 

 

Replies (5)
Yes you can claim ITC
when expenses booked in previous year
Expenses Dr
To Landlord a/c
Now reced the bill with GST
Gst input a/c Dr
To Landlord a/c
can claim GST input in 3b
@ Mr. Gangeshwar ji
No, you can not take ITC now..
As time limit to take ITC relating to F.Y 2018-19 is already passed/expired.
As misunderstood above query @ Mr. Gangeshwae, ignore above reply and Agree with Mr. Sagar Patel

Thanks you very much sir for your valuable reply

You're most welcome......

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