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

[Shilpi Jain]

This seems to be an issue for thr qrmp scheme. For them the quarter ending Sep return would be the last return in which any unclaimed credit of last year can be claimed.

[Ganeshan Kalyani]

Sir

Please clarify whether your vendor under QRMP has uploaded the invoice before opting for QRMP. If yes the invoice will appear in your 2B and you can claim it.

Pls elaborate your query a bit more.

[giri gattupalli]

respected sir,

vender raised tax invoice in FEB-22 and uploaded invoice in same month and it is present in form 2A of my client in the month of FEB-22 it self. but due to clerical mistake we missed to claim input tax credit . as my client opted for QRMP scheme he filed form GSTR-3B relates to sep-22 quarter in the month October-22, that is in the last month.please discuss whether any remedy available to my client .missed out input tax amount is around two lakhs that is why i am discussing.

thanking you

[KASTURI SETHI]

In this scenario, ITC cannot be denied. It cannot be time barred.

[giri gattupalli]

thank you sethiji. i got my answer. thanks to all participants for expressing their valuable opinions. discussion leads to enlightenment . thanks to all

giri

tax consultant

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.