Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
17 November 2022Dear Members
X is a company filing gst returns under qrmp scheme. Returns have been filed till qtr sept22.
Now X realises that there is pending ITC to be claimed for FY 21-22 whose due date to claim is 30th Nov 22. Filing of return of Qtr ended December will be done in January and it cannot be converted to monthly now.
How can X claim such inputs?
Regards
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 17 November 2022
Its still an unclarified area. However, since you are allowed to claim ITC by 30th November 2022, please ensure that you pay Nov 22 GST liability after netting of Mar 22 related pending ITC credit. By this way, we can demonstrate that I have availed GST credit in Nov 22 and accordingly, offset against Nov 22 liability. Since you are under quarterly filing scheme which has been opted in compliance with GST rules, there is no way for you on GST portal to report specific month's liability/ITC credit. Hence, report ITC credit with Dec 22 quarterly GST filing and in case, if department asked for clarification, you can provide clarificatication.
Regards,
Manoj
CAclubindia
