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INPUT TAX CREDI, Goods and Services Tax - GST

Issue Id: - 116725
Dated: 21-9-2020
By:- KERAGODEGOPALARAO ANANTHARAO
INPUT TAX CREDI

  • Contents

DEAR SIR,

Banks are uploaded GST on bank charges of 2018-19 during 2019-20.Can I take the credit for the year 2019-20.

Invoice dates are mentioned are pertaining to 2018-19

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Posts / Replies

Showing Replies 1 to 4 of 4 Records

1 Dated: 21-9-2020
By:- Ganeshan Kalyani

Sir, the time period to take credit pertaining to FY 2018-19 is lapsed. You cannot take credit now for those credits.


2 Dated: 21-9-2020
By:- YAGAY andSUN

However, In our view, you may have discussions with your Banker that why did uploaded data on bank charges pertaining to 2018-2019 in 2019-20.


3 Dated: 22-9-2020
By:- KASTURI SETHI

You should have taken ITC in GSTR 3 B return on the basis of tax paid physical invoices lying with you during the year 2018-19 itself, without waiting for the details in GSTR 2A. Thus you could avoid time bar limit. Now it is time barred. At the same time, you should not suffer because of supplier's fault.

On 14.6.19, one company, namely, Tele Media Ltd. has challenged the legal validity of Section 16 (2) (c) &(d) and Section 16(4) of CGST Act in Delhi High Court. Last date of hearing was fixed on 18.9.2019. Keep track.


4 Dated: 22-9-2020
By:- KERAGODEGOPALARAO ANANTHARAO

Thank you all sir, can i considers IPT and and can I put it ineligible ITC column sir


1

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