itc taken or not

ITC / Input 92 views 3 replies
still we can take itc of apr may june 17 quater or not and how? plz clear
Replies (3)

The credit for the the quarter Apr to June 2017 should have been taken in the Form GST Tran-1 (Transitional credit). The due date for submitting the Form has been expired. No option to submit Tran-1 now. 

In case the value of input tax credit is substantial you can take in Form GSTR-3B in Table 4 (all other ITC). However, the proper officer may object the same during assessment. If you can establish that the Form GST Tran-1 was not filed or filed without considering the said credit, due to valid reasons, they may allow the credit.

The credit for the the quarter Apr to June 2017 should have been taken in the Form GST Tran-1 (Transitional credit). The due date for submitting the Form has been expired. No option to submit Tran-1 now. 

In case the value of input tax credit is substantial you can take in Form GSTR-3B in Table 4 (all other ITC). However, the proper officer may object the same during assessment. If you can establish that the Form GST Tran-1 was not filed or filed without considering the said credit, due to valid reasons, they may allow the credit.

YOU HAVE TO C/F THE ITC VIA TRAN-1


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register