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Missed ITC..

Atul Shah (148 Points)

23 January 2022

Can we take missed gst itc of nove/20 in janu/21...? We forgot in to take in sept/21 gstr3b.. Pla.to giued me....

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17 Replies

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 23 January 2022

ITC of november 2020 cannot be taken now.

1 Like

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RENU SHARMA (1388 Points)
Replied 23 January 2022

Time limit is over you can not claim such ITC

1 Like

MPR Sanjay Kumar (3143 Points)
Replied 24 January 2022

Generally what is the time limit to take ITC input tax credit claim

1 Like

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 24 January 2022

Till the return of September of the next FY

1 Like

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 24 January 2022

Due date of return (GSTR3B) of September of the next FY

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Atul Shah (148 Points)
Replied 24 January 2022

Can we adjust itc which we claimed in next fy

1 Like

Vishaal Vk (65 Points)
Replied 24 January 2022

As per rules it is not allowed. but pratically speaking... we still take ITC which we have missed. we can handle this situation if at all any issue occur. As per Pratical - you can take...but as per rule not allowed.

2 Like

ashok kabdal (article) (107 Points)
Replied 24 January 2022

ITC of any FY is allowed earlier of following dates:-

1. September end of next FY or

2. GSTR 9 due date

so practically it September month end return date. In your case it is 30.09.2021.

1 Like

RAMESH PUROHIT (14 Points)
Replied 24 January 2022

YES U CAN TAKE ITC OF NOV 20 IN JAN 21 TILL SEPT 21

1 Like

Baldev Sharma (Service) (42 Points)
Replied 24 January 2022

As per the latest amendment by GSTN, The Debit Note / Credit Note delink., Now there is no link between bill and CN so, We can take ITC on older Invoices too

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CA Naveen Chand (Chartered Accountant) (12739 Points)
Replied 25 January 2022

Atul ji , I think you are talking about to take ITC in the month of Jan 2022 - Answer is No as the time allowed has been elapsed.

1 Like

Nidhi (Chief Accountant) (3150 Points)
Replied 29 January 2022

No, U can't..As time limit already expired

1 Like

Atul Shah (148 Points)
Replied 05 February 2022

Sir, can we claim. itc of nove. 20 in in dece.21 3b return and mention in GSTR9 which last date is 28/02/2022... Is it possible?

Manoj Punjabi (Accountant) (290 Points)
Replied 05 February 2022

I have a question?

If authorities can force you to pay unpaid Outward GST of 2017-18 now for mismatch, error, or for any reason, then why can't they allow traders to take ITC credit of previous years which was missed by error & now appear in mismatch.

Just asking, isn't is unjustified?

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