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Input credit Tim limit

AJAY KUMAR (accountant) (213 Points)

13 September 2019

sir, what is the time limit of debite credit note under gst taken ITC or surrender itc

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RAJA P M ("Do the Right Thing...!!!") (127006 Points)
Replied 13 September 2019

As per GST it's On or Before 30th September or Annual return...

Jamil Ahmed (615 Points)
Replied 13 September 2019

Last date for claiming ITC is the due date of filing of return under section 39 for the month of September of next financial year or the due date of filing of annual return whichever is earlier.

Ravi kumar (178 Points)
Replied 15 September 2019

ITC availment for FY 2018-19

Important due dates for the FY 2018-19:

1. In terms of section 16 (4) of the CGST Act, 2017, the due date for availing input tax credit (ITC) in respect of any invoice or debit note relating to FY 2018-19 would be earliest of the following:

The due date of furnishing of the return for the month of September 2019 i.e. 20th of Oct'19, or
The date of furnishing of the annual return for FY 2018-19.