ITC CLAIM OF FY 2017-18

This discussion addresses the possibility of claiming Input Tax Credit (ITC) for the financial years 2017-18 and 2018-19 if GST returns are filed after July 1, 2020. Based on Section 16(4) of the GST Act, the deadline for claiming ITC is the earlier of the due date for the September return of the succeeding financial year or the annual return filing due date. Therefore, generally, ITC for these periods cannot be claimed after these deadlines, although there's hope for future waivers.