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isha j

isha j (Querist)
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14 June 2018 is there any limitation of time to get the benefit balance of GST input .

RAJA P M

RAJA P M (Expert)
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14 June 2018 If You mean ITC then Yes... We have time limit for the ITC... the time period doesn’t exceed one year i.e 365 days from the date of tax invoice date of that particular goods and services which known as supply in GST regime. For Any other cases (if any) : ITC can be claimed by the Registered person, no ITC get waste for the Registered person in GST. As per Sec 27 “Returns”, the ITC must be claimed before the Registered person file a valid return for the month of September, days after the end of financial year to which the invoice is related, orAs per Sec 30 Annual Return, the ITC must be claimed before the Registered person file a valid annual return. The due date of the annual return in GST is December 31, after the end of the F.Y.

isha j

isha j (Querist)
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13 November 2018 Dearsir/mam,
During the year 2017-18 some bills by mistake not entered in the books so these have not been shown in gst returns also.now how these bills will be taken in the books in the current year and will be shown in gst returns.
Thanking you.

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