Query regarding input tax
Page no : 2
pavan mykon
(57 Points)
Replied 16 October 2020
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 16 October 2020
No Pavan Payment to the supplier shall be made within 180 days otherewise the ITC claimed shall be reversed along with Interest that's it.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 16 October 2020
There is no time limit of 180 days with regards to ITC claims
Mackie
(Entrepreneur )
(290 Points)
Replied 18 October 2020
Hello while claiming input tax of fy 19-20 in sept 20 gstr3b wouldnt we have a mismatch in the eligible input tax vs availed input tax end of fy 20-21? Cause fy 20-21 while not have details of input tax of 19-20. We are not mentioning invoice dates in gstr3b of sept 20 so how the system will differentiate tht its the input tax of 19-20?
Mackie
(Entrepreneur )
(290 Points)
Replied 19 October 2020
| Originally posted by : Mackie | ||
 |
Hello while claiming input tax of fy 19-20 in sept 20 gstr3b wouldnt we have a mismatch in the eligible input tax vs availed input tax end of fy 20-21? Cause fy 20-21 while not have details of input tax of 19-20. We are not mentioning invoice dates in gstr3b of sept 20 so how the system will differentiate tht its the input tax of 19-20? |  |
hello can someone reply on this?
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 19 October 2020
No there won't be issues in filing 3b and gstr1
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 19 October 2020
But while showing 9 u will need to show these as balancing item and provide the reason for same.
Mackie
(Entrepreneur )
(290 Points)
Replied 19 October 2020
| Originally posted by : Heet Shah | ||
|
No there won't be issues in filing 3b and gstr1 | |
Hi heet, we only need to mention pending input tax in sept gstr3b , isnt it? We dont mention input tax details in gstr1 so what would b the implication in gstr1?
Mackie
(Entrepreneur )
(290 Points)
Replied 19 October 2020
| Originally posted by : Heet Shah | ||
|
But while showing 9 u will need to show these as balancing item and provide the reason for same. | |
Will this b in the annual return of fy 19-20 or fy 20-21? Cause if we hve to show it in the annual return of fy 19-20 thn as out turnover is less thn 1.5 cr thn filing of annual return is optional.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 19 October 2020
| Originally posted by : Mackie | ||
|
Originally posted by : Heet Shah No there won't be issues in filing 3b and gstr1 Hi heet, we only need to mention pending input tax in sept gstr3b , isnt it? We dont mention input tax details in gstr1 so what would b the implication in gstr1? |
|
Yes there wont be any implication on GSTR-1 as it deals only with Outward supply.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 19 October 2020
| Originally posted by : Mackie | ||
|
Originally posted by : Heet Shah But while showing 9 u will need to show these as balancing item and provide the reason for same. Will this b in the annual return of fy 19-20 or fy 20-21? Cause if we hve to show it in the annual return of fy 19-20 thn as out turnover is less thn 1.5 cr thn filing of annual return is optional. |
|
It will be shown in the FY in which it is claimed if it is claimed in Sept 20 then it will be disclosed in annual return for FY 20-21.
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