Home Forum Goods and Services Tax - GST Month 11 2019 2019 (11) This
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Claim of ITC after filing of annual accounts - Goods and Services Tax - GSTExtract Dear Sir, One of our clients filed their Financials for FY 2017-18 in August 2018. After filing of financials they realised that they had not claimed ITC on 3 invoices either in books (they had booked entire invoice value as Expense) neither in GSTR-3B . Therefore, they claimed ITC on these invoices in Sep 2018 in GSTR-3B and also booked ITC in books (by reversing expense by way of Prior period item in Sep 2018). Now: 1. If we disclose the said ITC in GSTR-9 of FY 2017-18 as ITC of FY 2017-18 claimed in Apr-Sep 2018, then it creates un-reconciled difference in GSTR-9C of FY 2017-18 as it has not been claimed in books and therefore creates tax demand in GSTR-9C . 2. However, instead if ITC is claimed in GSTR-9 of FY 2018-19, then it does not create any difference as ITC has been claimed in both Books and 3B in FY 2018-19. In this case, is such claim of ITC of FY 2017-18 in FY 2018-19 incorrect or bad in law? Please express your kind views on the same.
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