ITC ON EARLIER INVOICES

This discussion addresses the complexities of claiming Input Tax Credit (ITC) on invoices from previous periods, particularly when goods are received in a subsequent month. It highlights the challenges of adhering to deadlines and explores the implications of Section 16(4) of the GST law, which restricts ITC claims for specific financial years. Experts offer guidance on how to proceed when ITC has been disallowed due to lapsed timelines.