INPUT CREDIT FOR THE FY 2019-2020

This discussion addresses a query about claiming input tax credit (ITC) for a purchase made in February 2020 but missed in the original GST filing. The consensus is that the ITC can be claimed in May 2020. Furthermore, it clarifies that the deadline for utilising ITC for the financial year 2019-20 is the due date for filing the September 2020 GST return or the date of filing the annual return for 2019-20, whichever is earlier.