please tell me the due date for GST ITC 03 ?
somewhere Due date is 60 days from the commencement of FY and somewhere is 90 days from the commencement of FY. which is correct ?
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Gst ITC -03 Due date
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This form has to be filed within 60 days from the commencement of the financial year
GST ITC 03 has to be filled within 60 days from the commencement of the financial year.
If a taxpayer is filing ITC 03 on account of opting for composition scheme, he should file this form once in a financial year. This is because once he opts for composition scheme in the beginning of the financial year, it cannot be changed till the next financial year. This form has to be filed within 60 days from the commencement of the financial year.
If a taxpayer is filing ITC 03 on account of products or services becoming exempt, he should file the form as and when the notifications are issued.
If a taxpayer is filing ITC 03 on account of products or services becoming exempt, he should file the form as and when the notifications are issued.
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