Input tax credit

This discussion addresses whether unutilised Input Tax Credit (ITC) for the financial years 2017-18 and 2018-19 can still be claimed, even if annual returns haven't been filed due to turnover below the threshold. The general consensus is that the deadlines for claiming ITC for these periods have passed (September 2018 for 17-18 and September 2019 for 18-19), making it unlikely that the credit can be claimed now. A distinction is also raised between 'unutilised' and 'claimed' ITC.