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Return filed late and ITC claimed

Manoj (Accountant) (23 Points)

25 January 2021

I have not filed my gstr 1 and 3b from oct2019.....

What happened in this case ....
If I file my returns in this month...
In relation to ITC claim by me and itc claim by traders who had purchased from me....

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7 Replies

Radhey Shyam Jha (Student) (1616 Points)
Replied 25 January 2021

You can not file your current GSTR-3B until previous period is not filed... there is huge amount of penalty bcoz your return is pending since October 2019, better to consult with professional

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ayusmita (Tax consultant) (5885 Points)
Replied 25 January 2021

You can file but you have to pay latefee and interest for those month

Prakhar (BUSINESSMAN) (149 Points)
Replied 25 January 2021

Originally posted by : Manoj
	I have not filed my gstr 1 and 3b from oct2019.....What happened in this case ....If I file my returns in this month...In relation to ITC claim by me and itc claim by traders who had purchased from me....

What happens to the recipient who have claimed ITC but GSTR filed by supplier after september annual cutoff date ?

Divyam Agarwal (Practicing Chartered Accountant) (959 Points)
Replied 25 January 2021

Both late fees and interest would apply in this case.

Bhavika Kothari (CA) (1258 Points)
Replied 31 January 2021

The last date to claim ITC for 2019-20 is already expired hence the traders who had purchased from you will not be able to claim such ITC. WIth respect to your GSTR-1 and GSTR-3B, you can file them now but interest, late fees and penalty will be applied