by Cheryl
(Barrie ON)
Here's how to claim missed input tax credits.
I was reading your section on how to record 'late receipts' for the ITCs (input tax credits).
You mentioned that you date the receipt for the first day in the new period and in the reference/number spot - put the real date of the receipt so you can trace it back to the prior bank statements.
What happens if I was doing a bank reconciliation and didn't have the receipt so I expensed the whole amount? I found the receipt later and want to recapture the ITC?
Comments for How To Claim Missed ITCs
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