Last date to avail ITC of FY 2018-19 under GST

Taxpayer forgot to Claim Input Tax Credit on Invoice say dated 10.09.2018 (FY 2018-19).

1. Can I Claim ITC in FY 2019-20?
2. If yes then upto what date?

Answer :

• You can Claim ITC in FY 2019-20
• ITC of FY 2018-19 can be claimed upto earlier of following
  1. 20^th October 2019 in GSTR 3B or
  2. Date of Filing of Annual Return for FY 2018-19

Note -1 : ITC of Previous Financial year can not be claimed in GST Annual Return(GSTR -9) , it has to be claimed in GSTR 3B only.

If missed ITC of FY 2018-2019 not claimed upto due date of filing of GSTR 3B for month of September 2019  (i.e upto 20^th October 2019) , then it will lapse

Note-2: Input Tax Credit is given by GST portal as appearing in GSTR 2A (based on Return [GSTR-1] uploaded  by your supplier on GST Portal)

If you claim ITC in GSTR 3B and your supplier has not uploaded your Invoices in GSTR 1, then you may be required to Reverse ITC with interest at the time of filing of GST Annual Return (GSTR-9)

Check GSTR 2A of FY 2018-19:-

1. Invoices uploaded by your Supplier and appearing in GSTR 2A but ITC not claimed in GSTR 3B

[Action: Claim in GSTR 3B up to 20^th October 2019 ]

1. ITC Claimed in GSTR 3B but Invoices not uploaded by supplier in GSTR -1.

[Action: Follow up with the supplier to uploaded invoices]

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