ITC calim of fy 2017-18 and fy 2018-19

[Madhavan iyengar]

A Company has accounted for ITC in the books of accounts in FY 2017-18 and FY 2018-19 based on invoices received and also goods / services have been received in the respecting accounting years ie FY 201718 and FY 2018-19

However in GSTR 3B the same has not been availed ie in returns

Query can the Company now in July 20 avail the ITC ( of FY 2017-18 and FY 2018-19) as mentioned above in GSTR 3B returns to be filed for July 20.

Experts please clarify

AI Summary

Input Tax Credit time-bar prevents late claims for past financial years unless relief via litigation or GST Council referral.
ITC claims for FY 2017-18 and FY 2018-19 are generally barred once the statutory deadlines tied to GSTR-3B filings expire; taxpayers are expected to reconcile and claim within that period. The discussion records that the time bar serves audit and anti fraud purposes, and that relief from the bar may be sought only in exceptional circumstances-for example by litigation challenging procedural treatment of returns, by relying on precedents addressing technical filing failures, or by requesting referral to the GST Council-without any assurance of success.