claim of ITC relates to fy 2021-22

[giri gattupalli]

respected sir,

one of my gst regular dealer opted for QRMP scheme and filed GSTR-3B for sep-22 quarter in october month. now we found some invoices left unclaimed ITC for fy 2021-22 . and now i cant claim in return for month oct-22 by filing before 30 th nov-22 which is cut off date for claiming ITC relates to year 2021-22. what is the way out for claiming ITC relates to fy 2021-22.please discuss

AI Summary

Tax Consultant Queries Claiming Unclaimed ITC for Fiscal Year 2021-22 under QRMP Scheme, Discusses November 30 Deadline A tax consultant raised a query about claiming unclaimed Input Tax Credit (ITC) for the fiscal year 2021-22 after filing GSTR-3B for the September 2022 quarter under the QRMP scheme. The consultant discovered missed invoices and was concerned about the November 30 deadline for claiming ITC. Responses indicated that the last return for the September quarter could include unclaimed credits, and if the vendor uploaded the invoice before opting for QRMP, it should appear in Form 2B. Another participant noted that ITC cannot be time-barred, suggesting a potential remedy for the missed claim. The discussion concluded with gratitude for the insights shared.