FY 2018-2019 GST dues paid with current year 2024-2025 ITC

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....Y 2018-2019 GST dues paid with current year 2024-2025 ITC<br> Query (Issue) Started By: - CABayyaReddy DK Dated:- 18-10-2024 Last Reply Date:- 5-11-2024 Goods and Services Tax - GST<br>Got 4 Replies<b....

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....r>GST<br>Sir/Madam, GST Order was issued under section 73 for the year 2018-2019 for mismatch of ITC and I have accepted & paid the tax portion using financial year 2024-2025 ITC and will be applying....

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.... for waiver of Interest and penalty under Amnesty Scheme 2024. Is there any restriction for utilizing current year ITC for past dues. I do not have carry forward of Excess ITC from 2018-2019 till 202....

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....3-2024. Please advise. Reply By Ganeshan Kalyani: The Reply: In my view, there is no one-tow-one correlation of ITC. So your claim of ITC to pay off the earlier liability is correct. Reply By Sada....

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....nand Bulbule: The Reply: Dear Sir/madam Sri.Ganeshan ji has emphatically cleared the issue. Go with it as there are no any restrictions to utilize ITC for any specific period/liability. Reply By KA....

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....STURI SETHI: The Reply: Time limit has been prescribed for availing ITC under Section 16 (4) and no time has been prescribed for utilizing the same. I concur with the views of both experts. Reply By....

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.... KALLESHAMURTHY MURTHY: The Reply: Sir, ITC at credit can be utilised for tax liability for any tax period except in the case of tax payable by cash.<br> Discussion Forum - Knowledge Sharing ....