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Regarding Previous Year GST Credit

239 views 7 replies
Dear Sir ,

I have Remain GST Credit of Rupees 20000/- of F.Y. 2019-20

Can I adjust this credit in GSTR 3B of April 20
But there is no sales and purchase in regarding month.

so how to claim previous year credit?

Best Regards

Anoop Jain
Mob : 91110-65332
Replies (7)
The credit lying in your credit ledger can only be adjusted against your outward supply as the manner prescribed in rule 88A

Note : It will remain in your credit ledger unless adjusted.
The closing balance of the credit Rs. 20000 would be available in your electronic credit ledger and it can be utilised against the GST liability. There is no time limit of utilisation. Therefore it will continue to be there in the credit ledger.
You adjust the available credit on the subsequent demand
It can be utilised only against taxable output supply.
Thanks to all of you ..

You can carry forward the un-utilised ITC available in you ECL for any period of time. So you can utilise the ITC from FY 2019-20 in the subsequent months of sale.  

The amount available in Credit ledger can be claimed carried forward in the next month. So yes you can claim the ITC in next month. If there is no sale in next month then it can be carried forward for future months in which there is a sale.


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