INPUT TAX CREDI

[KERAGODEGOPALARAO ANANTHARAO]

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

AI Summary

Can Input Tax Credit for 2018-19 Bank Charges be Claimed in 2019-20? Legal Insights on CGST Act Sections A participant inquired whether they could claim input tax credit (ITC) for bank charges from the fiscal year 2018-19, which were uploaded by banks in 2019-20. A respondent clarified that the period to claim ITC for 2018-19 had lapsed, making it ineligible. Another suggested discussing the issue with the bank for clarification. It was advised that ITC should have been claimed in the GSTR 3B return for 2018-19 using physical invoices, avoiding time limitations. A legal challenge regarding related CGST Act sections was mentioned, and the inquirer asked about marking it as ineligible ITC.