ITC to be claimed for Invoices before the relevant period
Mohit Chaudhary (Student) (142 Points)
05 June 2018My query is that can whether I can claim ITC for the invoices on which I have paid GST, before my registration into GST also.
Thank You
Mohit Chaudhary (Student) (142 Points)
05 June 2018
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 05 June 2018
Yes. as per Section 18 of CGST Act. You can take credit for the period of 30 days (form the date of liabile to register to the date of grant of registration) prior to your registeration. You need to file ITC 01 form containing stock details.
Vinod Babu
(24191 Points)
Replied 05 June 2018
Jagdish Akbari
(Tax Consultant)
(189 Points)
Replied 05 June 2018
Mohit Chaudhary
(Student)
(142 Points)
Replied 05 June 2018
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 05 June 2018
No. not possible.
your supplier will treat that supplies as B2C supplies. You will not get credit in such cases.
Vinod Babu
(24191 Points)
Replied 05 June 2018
Mohit Chaudhary
(Student)
(142 Points)
Replied 08 June 2018
Vinod Babu
(24191 Points)
Replied 08 June 2018
Amit
(Partner)
(88 Points)
Replied 08 June 2018
100% EXPORT UNIT CLAIMED ITC WHICH REFLECTED IN GSTR2A AT THE TIME OF FILLING (AUG-NOV) TO SETUP IGST LIABLITY LEFT BALANCE PAID BY CASH IN MARCH 2018 GSTR-3B - CLAIM ALL OTHER ITC IN GSTR3B WHICH RFLECTED IN GSTR2A AND NOT CLAIMED FOR SETUP IN POINT 1(FEW OF THEM FROM AUG-NOV AS WELL). TILL DATE VARIOUS BILLS ARE NOT REFLECTED IN GSTR2A OR EVEN GSTR2 IS NOT OPEN I HAVE CLAIM THOSE IN MAY 2018 GSTR-3B EVEN IF THEY ARE NOT REFLECTING AND GOVT IS NOT DECLARING DATE LAST BUT IMPORTANT REGARDING REFUND OF ITC “AS WE CLAIMED ALL OF THEM IN MARCH, FEW MORE IN APRIL AND NOW IN MAY” IS THERE ANY ISSUE ? PLEASE ADVISE. THANKS
Read more at: https://www.caclubindia.com/forum/itc-refund-with-claim-in-later-month-in-gstr-3b-466666.asp
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