Input not Claimed in Current or Subsequent Period

If there any chance we can claim input now in March 20 ( A material Amount) which is treated as expenses due to error and omission in the month of April 2019 while we have all tax documents & payment proof which made within 6 months from due date.

We had not claimed it that current period & its subsequent tax period.

 

Replies
Nimish Goel01/03/2020 17:22:39

Yes, you can do that. Please read the recent clarification issued by FTA on this - https://www.gccfintax.com/clarifications/time-frame-for-recovering-input-tax-1107.asp

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SAJITH N02/03/2020 13:29:07

You may have to submit a VD to claim the same since the timeframe has expired...unless you can prove there is an internal approval process at your end and invoice was not approved/accepted until now, then you can consider claiming in current return (in the period of such approval)

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Nusrat Abbas02/03/2020 16:25:57

Thanks both of you.

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