Claim of GST ITC of previous year if September GST Return filed late with Late fees & Interest
If we file GSTR-3B for September 2018 late with Late fees and interest, then can we take Input Tax Credit of Financial Year 2017-18 in GSTR 3B of September ?
Answer : You will not be able to claim ITC of FY 2017-18 After 20th Oct 2018 (Due Date of filing of GSTR 3b Return)
Note : The Government has extended the last date for furnishing of return in FORM GSTR-3B for the month of September, 2018 for certain taxpayers who have been recently migrated from erstwhile tax regime to GST regime vide notification No. 47/2018- Central Tax dated 10th September, 2018. For such taxpayers, the extended date i.e. 31st December, 2018 or the date of filing of annual return whichever is earlier will be the last date for availing ITC in relation to the said invoices issued by the corresponding suppliers during the period from July, 2017 to March, 2018
Section 16(4) of CGST Act 2017
A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier.