Form GST ITC 01

This discussion addresses whether businesses can reclaim Input Tax Credit (ITC) using Form GST ITC 01 for capital goods when previously exempt supplies became taxable after September 2019. The consensus is that the claim must typically be made within 30 days of becoming eligible, which is the day before the exemption was withdrawn. While the Commissioner may grant extensions, this deadline is crucial for reclaiming ITC under Section 18(1)(d).