As per section 16(4) of the CGST Act, you can claim your Input Tax Credit for a financial year till the due date of GSTR 3B of September of next financial year or date of filing of annual return, which ever is earlier.
So you can claim ITC of March 21 till the due date of GSTR 3B of Sep 2021 i.e. 20th October 2021 or date of filing of annual return for financial year 2020-21, whichever is earlier. You can claim this ITC in GSTR 3B.
My gst number was in the state of "cancelled suo moto".I filed all my pending returns upto the date of cancellation.Effective cancellation date is 19.03.2021. in gst portal i can't file revocation of application. What should I do now to get active gst number
If an individual has received a compensation / reward / muafza from the goverment against the compulsory land acquisition to exapnd highway then where should we declare such amount in Income tax while filing the ITR ?
If i file my return u/s 44 ad for the past 3 years, turnover respectively Rs. 1.2 crore , 1 crore , 95 lakhs.Then i file my return in the 4 th year (turnover Rs.93 lakhs) under normal peovisions, with maintaing books of accounts. If am i eligible to file u/s 44 ad in the next year i.e 5 th year, assume that my turnover in the 5 th year is 98 lakhs???
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