INADMISSIBLE credit availed

ITC is made with adequate restrictions and conditions to avoid superfluous availment of ITC.

One such condition is imposed under Sec 16(4) of CGST Act 2017, that the last date for taking the input tax credit in respect of any invoice or debit note of a financial year is the due date of furnishing return under Section 39 for the month of September following the end of the financial year or furnishing of the relevant annual return, whichever is earlier.