Time limit of utilizing GST input tax credit
This query is : Open
16 September 2019
I request expert opinion for the following :
We are aware that the time limit for taking GST Input Tax credit before September of the following Financial year or before submitting annual GST return which ever is earlier.
Our question is whether any time limit is prescribed for utilization ITC Credit or it can be carry forwarded in n number of years.
We are aware that the time limit for taking GST Input Tax credit before September of the following Financial year or before submitting annual GST return which ever is earlier.
Our question is whether any time limit is prescribed for utilization ITC Credit or it can be carry forwarded in n number of years.
16 September 2019
No time limit is prescribed for utilization ITC Credit and it can be carry forwarded in n number of years.
16 September 2019
Thank you very much sir.
16 September 2019
time limit is for ITC availed and not for utilization you can utilized ITC for no. of years
16 September 2019
@ Mr Karim N Sheikh.,
Once query is cleared with our experts and Querist get satisfied then don't be attending after Querist give thanks to experts.
In case any wrong reply found then you can reply to the query...
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
