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GST Input

ITC / Input 205 views 3 replies
Pls. advice an assessee has inputs related to month of Nov, Dec and jan. it has not filed its return for the month of feb18.
he forgot to take inputs of said months in the respective periods. Can it can avail input for the same in Feb ?
Replies (3)
Yes you can claim ITC
Yes, as per section 16 it can be taken till the month of Sept or before filing annual return whichever is earlier.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:

Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return

Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year


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