ITC availment for FY 2018-19

[Charan N]

Good Morning to all,

Can anyone please clarify my doubt. We have filed GSTR 3B of March 19 in the month of Dec 2019. Now the department sent notice for reversal of ITC as the FY 2018-19 ITC claim due date over as per Section 16(4). As per this section and what I understand upto my knowledge is the after the due date of furnishing of the return for the September month. But here in my case I filed 3B of March before September and not calimed ITC in September or later month. Please guide me on this as this is very important to me now.

AI Summary

ITC time bar under Section 16(4): late filing after the September due date bars claiming input tax credit and triggers reversal.
ITC for FY 2018-19 must be availed by the due date for the September GSTR 3B following the financial year (due date 20.10.2019); ITC claimed after that deadline is time barred and liable to reversal, except IGST on import supported by bill of entry. Filing an earlier period return after the statutory due date and availing ITC in that belated return exposes the credit to departmental notice for reversal; representation to the GST Council is a suggested administrative remedy.