Respected Expert
Fact of The Case : Our Client is exporter
Durning The F Y 2018.2019 We had ITC Claimed but We Did not Claimed entire ITC In Return 3B and Nor Claimed in Sept 2019 Return ,Its Reflecting in our 2A. While Filling The Refund Application only Available ITC is displaying.
Our Quairy : is there any provision/Guideline/Circular/Case laws under GST to Claimed Such unclaimed ITC
Please guide
Exporter Misses Deadline to Claim Unclaimed Input Tax Credit for 2018-2019; ITC Lapses as Per GST Law Section. An exporter inquired about claiming unclaimed Input Tax Credit (ITC) for the fiscal year 2018-2019, which was not claimed in GSTR-3B returns or the September 2019 return, although it appears in their 2A. An expert clarified that under GST law, ITC must be claimed within one year from the invoice date or by the due date for filing GSTR-3B for September following the financial year, whichever is earlier. Another expert noted that since the deadline has passed, the unclaimed ITC has lapsed and cannot be claimed now. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
