ITC Reversal

09 September 2018

my ragistration was 26/08/2017 but Invoice was issued 17/08/2017 and that time i took ITC of that purchase so what to do of that ITC???

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6 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 09 September 2018

Can you provide the date on which you applied for Registeration ,( the ARN generated when file REG01)

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 09 September 2018

You can't claim the same as your GSTIN is not mentioned in the supplier invoice.

Vinod Babu (24191 Points)
Replied 09 September 2018

You have to reverse the ITC claimed before approval date of gst registration.

Faheem Akram (802 Points)
Replied 09 September 2018

#pankaj Rawat ji.....i applied for ragistration on 15/08/2017

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 09 September 2018

Sorry I read it 2018 instead of 2017 .U cant claim as you got the registration on 26/08/17 .

Daaman Kukreja (Partner) (59 Points)
Replied 10 September 2018

Reverse the ITC in next gst return as your invoice will not be eligible to claim Input

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