ITC GST input tax credit
Utpal roy (back office asst) (254 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
3 Replies
CA Anoop Kumar Sharma
(Accounts Manager)
(2070 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...!!!")
(128106 Points)
Replied 23 May 2024
One more update for the above said reply...
Time limit to claim an input tax credit under GST 30th November of the next financial year
Time limit to claim an input tax credit under GST 30th November of the next financial year
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