21 July 2019
What is the time limit to claim Input Tax Credit, for VAT paid on Purchases and taxable supplies, as per the executive regulations in UAE and Saudi Arabia?
For Example, A taxpayer has paid VAT on Purchases made in the month of July 2019 and forgets to claim it in the return filed for the quarter ended September 2019 and the subsequent quarter. Then till what time, from the end of the month to which the input tax pertains or the taxable period (i.e. quarter ended sept. 2019), is he eligible to claim Input Tax credit?