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Clarity regarding Sec 16(4)
Ineligible ITC u/s 16(4) has appeared in our GSTR 3B summary of the year. Should we show this anywhere in GSTR 9?
Replies (3)
Section 16(4) of the CGST act 2017 is conditions to take input tax credit , and section 17(5) is for ineligible ITC , so please clerify is the ITC as per section 17(5) the CGST act ?.
No, it I as showing ineligible Itc u/s 16(4) not blocked credit u/s 17(5)
Ok , So as per the section 16(4) of the CGST Act 2017 , there is time limit to take ITC , and you must have taken that ITC after that time limit ( for exemple time limit to take ITC for F.Y 23-24 is 30/11/2024 ) therefore same may be Ineligibale , so check the books of accounts ( Invoice wise details ) , why it is Ineligiable ?, and revart back .
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