Credit Note Against March 2018 Invoice

Originally posted by : Ashwini
	what is the time limit?

In terms of Section 16(4) of the CGST Act, a registered person is not entitled to claim input tax credit in respect of any supply of goods or services after the earlier of following two events:
(a) Due Date of filing of the return under Section 39 of the Act for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains, i.e. 20th October

However, as provided in Rule 37(4), the above time limit is not applicable where a claim is made for re-availing of any credit that had been reversed earlier due to non-payment of consideration within 180 days of date of issue of invoice by the supplier.

Further, in cases of credit in special circumstances like new registration, voluntary registration, etc. the credit will not be available after the expiry of one year from the dateof issue of tax invoice