can we claim ITC of Feb-2024 (which was not claimed by oversight) in the month of November-2024, since the assesee is already filed his returns up to October-2024
21 November 2024
As per section 16(4) of the CGST Act, 2017 the time limit to avail pending ITC on invoices pertaining to FY 2023-24 is: 30th November 2024 for invoice pertaining to FY 2023-24; or 31st December 2024 i.e. date of filing annual return for FY 2023-24 whichever is earlier.
21 November 2024
October 2024 GSTR-3B can be filed up to 30th November 2024 along with applicable interest for cash liability. This will allow taxpayers to reconcile and make necessary amendments in outward liability or claim ITC in respect of purchases pertaining to FY 2023-24. The return if just 'submitted' can be reset, thereby data can be changed.
CAclubindia
