LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

ITC Last date 2020

Vijeesh Parapattil (105 Points)

26 February 2021

what is the last date to claim ITC for the year 2020

Reply
Follow
Share

2 Replies

Practitising CA (57 Points)
Replied 26 February 2021

Earlier of following dates
due date of filing GSTR 3b for next following year or date of filing Annual return

Shivam RC (Student) (23683 Points)
Replied 26 February 2021

As per the Provision of Section 16(4) of the CGST Act 2017, the last date to claim Input Tax Credit (ITC) of a particular Financial Year is earlier of the following two dates :

(a). Due Date to file Return ( FORM GSTR-3B ) for the month of SEPTEMBER of the following FY i.e. 20th October;

OR

(b). The "DATE OF FILING ANNUAL RETURN ( FORM GSTR-9 )" , whichever is earlier.

So keeping in mind the above Provision of the CGST Act 2017, the due date to claim ITC for FY 20-21 is "20th OCTOBER 2021" and for FY 2019-20 it was "20th OCTOBER 2020."