TaxTMI 
TaxTMI 
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
INPUT TAX CREDI
21 Sep 2020 
4 Replies 
1910 Views Asked by
Input tax credit time-bar: late supplier uploads do not revive expired claim periods, claim in GSTR 3B promptly.
The operative rule is that Input Tax Credit must be claimed within the statutory temporal limits and by reporting in the prescribed return; credit for an earlier year cannot be claimed after the time bar. Taxpayers should have claimed ITC in their periodic GSTR-3B returns based on physical tax invoices received during the relevant year rather than waiting for supplier uploads. Taxpayers may engage the supplier about late uploads and, if credit is time-barred, treat amounts as ineligible ITC or expense. Ongoing litigation challenging eligibility and temporal conditions may affect future interpretation. (AI Summary)
The operative rule is that Input Tax Credit must be claimed within the statutory temporal limits and by reporting in the prescribed return; credit for an earlier year cannot be claimed after the time bar. Taxpayers should have claimed ITC in their periodic GSTR-3B returns based on physical tax invoices received during the relevant year rather than waiting for supplier uploads. Taxpayers may engage the supplier about late uploads and, if credit is time-barred, treat amounts as ineligible ITC or expense. Ongoing litigation challenging eligibility and temporal conditions may affect future interpretation. (AI Summary)