GSTN Clarifies Timeline for Claiming ITC for FY 2020-21

Section 16(4) of CGST Act, 2017 states that taxpayers shall not take Input Tax Credit (ITC) related to the Financial Year (FY) 2020-21 after the due date of furnishing the return for September 2021. It is to be noted that the due date for the GSTR-3B for September 2021 is 20th October 2021 for monthly return filers. However, the due dates would be 22nd October 2021 or 24th October 2021 based on the state/UT the taxpayer was registered to. 

In this regard, the Goods and Services Tax (GST) authorities clarified the following points:

  1. The invoice or debit notes related to FY 2020-21 reported in GSTR-1 after the September 2021 GSTR-3B due date will not reflect in the ‘ITC Available’ section of GSTR-2B. However, such records will reflect in the ‘ITC Not Available’ section of GSTR-2B, and also those details shall not be auto-populated in GSTR-3B.
  2. Invoice or debit notes related to FY 2020-21 reported in GSTR-1 after the September 2021 GSTR-3B due date will not be reflected in the ‘ITC as per GSTR-2A’ column of Table-8A GSTR-9 of the recipients.

Hence, the authorities requested taxpayers to keep the above points in mind and to report invoices or debit notes relating to FY 2020-21 on or before September 2021 GSTR-3B due date or July-September 2021 GSTR-3B due date in case of quarterly GSTR-3B filters. Also, any wrong ITC claims shall constitute non-abidance of GST law and may lead to action by the authorities as per the law.

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