ITC GST input tax credit
Utpal roy (back office asst) (253 Points)
23 May 2024
I have received a bill for the month of January 2024 in May 2024, can I get itc in May 2024
CA Anoop Kumar Sharma
(Accounts Manager)
(1626 Points)
Replied 23 May 2024
Yes, claiming input GST is allowed. The time limit to claim whichever is earlier (1) due date for filing the annual return for that financial year, (2) the date of filing the monthly return for September of the next financial year. However, according to the new amendment, you can now claim input tax credit as reflected in GSTR-2B but we can go beyond the GSTR-2B if we have sufficient reason behind the late input taken.
RAJA P M
("Do the Right Thing...!!!")
(127786 Points)
Replied 23 May 2024
CAclubindia
