Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Goods and Services Tax - GST This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

FY 2018-2019 GST dues paid with current year 2024-2025 ITC, Goods and Services Tax - GST

Issue Id: - 119367
Dated: 18-10-2024
By:- CABayyaReddy DK

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


  • Contents

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 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 2023-2024. Please advise.

Post Reply

Posts / Replies

Showing Replies 1 to 4 of 4 Records

Page: 1


1 Dated: 19-10-2024
By:- Ganeshan Kalyani

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. 


2 Dated: 19-10-2024
By:- Sadanand Bulbule

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.


3 Dated: 19-10-2024
By:- KASTURI SETHI

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.


4 Dated: 5-11-2024
By:- KALLESHAMURTHY MURTHY

Sir, 

ITC at credit can be utilised for tax liability for any tax period except in the case of tax payable by cash.


Page: 1

Post Reply

Quick Updates:Latest Updates