Mackie (Entrepreneur ) (290 Points)
15 October 2020Hello friends,
Have couple of queries on input tax:
1) I will b claiming input tax fr fy 19-20 in this months gstr3b. Till when can i claim input tax earned frm March20 to sept 20 fr fy20-21?
2) while claiming input tax, i will hve to enter details in gstr3b. Do i need to fill details else where too? Do we also need to enter input tax details in gstr1?
note: We are a regular tax payer bd we file gstr1 quarterly.
thanks!
Mackie
(Entrepreneur )
(290 Points)
Replied 15 October 2020
Can nyone help? Wht is the last date of filing gstr3b? Is it 22 oct or 20 oct fr normal taxpayer less thn 1.5 cr turnover?
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 15 October 2020
You can claim the ITC any tym before September of next year or before date of filing annual return whichwhic is earlier
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 15 October 2020
You just need to fill in tax amounts in GSTR 3b. You may confirm the same through 2A.
pavan mykon
(57 Points)
Replied 15 October 2020
Mackie
(Entrepreneur )
(290 Points)
Replied 16 October 2020
| Originally posted by : pavan mykon | ||
 |
We should not clime input before more than 180 days we can't take input |  |
Hi pavan very confused about what you said. Could you pls explain in detail about 180 days?
pavan mykon
(57 Points)
Replied 16 October 2020
Ashwin Kumar
(1234 Points)
Replied 16 October 2020
Mackie
(Entrepreneur )
(290 Points)
Replied 16 October 2020
| Originally posted by : pavan mykon | ||
|
The buyer should pay the supplier for the supplies received within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability. | |
Ok thnks Pawan! We have already paid the supplier immediately fr the services availed and also hve payment receipts. Thnks fr the info!
Mackie
(Entrepreneur )
(290 Points)
Replied 16 October 2020
| Originally posted by : Ashwin Kumar | ||
|
You can claim the inputs in the return which you are going to file on Oct 20...make sure you confirm the same with 2A...if it's not now then you can never be able to take input credit later | |
Yes ashwin! We have checked in the Tax Liability and ITC statement fr fy 19-20 and we have some unclaimed input tax as per gstr. 2a. Will b only claiming the same in this month gatr3b on 20 oct. Thnk!
pavan mykon
(57 Points)
Replied 16 October 2020
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 16 October 2020
I doubt you can't claim ITC in annual return . iTC can only be claimed by gstr-3b as of now
.
pavan mykon
(57 Points)
Replied 16 October 2020
Mackie
(Entrepreneur )
(290 Points)
Replied 16 October 2020
Right Heet. Pavan, as per our knowledge we can only claim input tax fr FY 19-20 in Sept 20 GStr3b. Not sure if we can claim it in Annual return.
thnks!
CAclubindia
