TaxTMI 
TaxTMI 
Availment of input credit
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....vailment of input credit<br> Query (Issue) Started By: - MANOJ JAIN Dated:- 7-3-2022 Last Reply Date:- 16-3-2022 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Sir We forgot to claim gs....
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....t input pertaining to financial year 2017-18 and 2018-19. The annual returns were also submitted without taking credit of input. But the expenditure has not been capitalised in the financial statement....
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....s, it has been taken as input refundable in current assets of the balance sheet. Is there any way that we can claim the same not??? Reply By SOWMYA CA: The Reply: ITC not availed for the year 2017-....
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....18 and 2018-19 before September return following the respective year or filing of annual return whichever is earlier, becomes time barred as it is beyond that is allowed by the statute. No refund of s....
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....uch ITC can be taken too. Reply By KASTURI SETHI: The Reply: No remedy. Not covered by the Supreme Court order. Reply By Ganeshan Kalyani: The Reply: There is no time limit for any outstanding GST....
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.... to be paid but certainly there is time limit for availing ITC.<br> Discussion Forum - Knowledge Sharing ....