Itc taken allowed 20th September to November -23

Hey Kollipara! Regarding your query on ITC claim for FY 22-23 during the period 30th September to 30th November 2023, here’s the clarity:

ITC Claim Deadline under GST:

• As per Section 16(4) of CGST Act, a taxpayer can claim ITC only within the earlier of the following dates:

  1. Due date of filing return for September of the following financial year, OR

  2. Due date of filing annual return for that financial year

Practical implication for FY 2022-23:

• The due date for filing GSTR-3B for September 2023 (which is the last month of FY 2022-23 in terms of claiming ITC) will typically be in October 2023 (varies slightly by taxpayer category).

• The due date for filing Annual Return (GSTR-9) for FY 22-23 is generally by 31st December 2023 (subject to notifications/extensions).

• So, the last date for claiming ITC for FY 22-23 would be the earlier of these two — practically around October 2023 or earlier.

Your question about claim between 30th Sept to 30th Nov 2023:

• If you are claiming ITC for FY 22-23 after the due date of the September return filing (usually October), the ITC will generally NOT be allowed because the deadline has passed.

• Claiming ITC after due date of return filing for September (or annual return due date) is not allowed under GST law.

Summary: