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[Solved] mentioning and claiming of previous FY purchase invoice and ITC, in current FY  

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pramodkumar
(@pramodkumar)
Active Member
Joined: 1 year ago
Posts: 13
11/06/2020 9:36 am  

i forgot to mention some purchase-invoices (it reflects in march-2020 gstr2A) of march-2020 in march-2020 gstr3B-return F.Y. 2019-2020
NOW; can i show the same invoice of march-2020 in april-2020 gstr3B-return F.Y. 2020-2021 & claim ITC ??

if it's possible; then how to do it
(DO I NEED TO CHANGE SOMETHING IN GSTR-09 WHEN I WILL FILE IT LATER for FY 2019-20 and 2020-21 ??)
(i mean the FY has changed and that invoice reflects in previous FY in march-2020 gstr2A) ??
will there be any interest/penalty/fine to do so ??


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Riya
 Riya
(@riya)
Member Moderator
Joined: 1 year ago
Posts: 42
14/06/2020 9:54 pm  

You can consider the missed purchase invoice in next month GSTR 3B.

There will not be any problem of ITC in GSTR 9.
For FY 2020-21, you can claim Input Tax Credit till earlier of
- due date of filing of Annual Return, or
- due date of September month GSTR 3B Return

There will not be any penalty.


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gsthead01
(@gsthead01)
New Member
Joined: 4 months ago
Posts: 2
29/06/2020 4:37 pm  

As per section 16(4) a taxpayer is eligible to claim ITC till he files the annual return of that particular year or return for the month of September of next financial year, whichever is earlier. In this case since the pruchase belong to March 2020 you can claim ITC till you file annual return of the financial year 2019-20 or GSTR3B of next financial year i.e., GSTR3B of September 2020, whichever is earlier. Any interest or penalty or fine will not be levied on this
While filing GSTR-9 you need to show this value in table 13


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