ITC utilisation time limit
This query is : Resolved
27 December 2017
Within how many months ITC on inputs be utilised fully. Is there any time limit or not?
27 December 2017
Before the due date filing of Sep month return in the next financial year.
27 December 2017
ITC is not allowed after any of the following happens
due date of return for month of September of next financial year
annual return filed for relevant year (Filing date, not due date)
due date of return for month of September of next financial year
annual return filed for relevant year (Filing date, not due date)
28 December 2017
There is no time limit for utilisation of the ITC once availed the credit to Electronic Credit Ledger.
Sec 16(4) applies for availment of input credit only, once availed to Electronic credit ledger within the time prescribed in Sec 16(4) you can utilise whenever you have the output liability.
Sec 16(4) applies for availment of input credit only, once availed to Electronic credit ledger within the time prescribed in Sec 16(4) you can utilise whenever you have the output liability.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- BIS Certificates
- Free lancer income
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
