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ITC time limit claim
my supplier filed his April return today in his July return. can I claim the ITC credit?
Replies (5)
Quick Summary
Yes. ITC of 20-23 can be claimed upto November 30, 2023
Hi Venktesan,
You can take ITC if all the below conditions are satisfied:
1. You are in possession of invoice
2. You have actually received goods/Services
3. The Invoice reflects in your GSTR 2A/2B
4. It is not an ineligible ITC as specified under section 17(5) of CGST Act 2017.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates
bhavana @ lbkca.in
You can take ITC if all the below conditions are satisfied:
1. You are in possession of invoice
2. You have actually received goods/Services
3. The Invoice reflects in your GSTR 2A/2B
4. It is not an ineligible ITC as specified under section 17(5) of CGST Act 2017.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates
bhavana @ lbkca.in
Thank you so much
You are welcome
When question is about time limit of ITC. It is advisable to follow Section 16(4) of the CGST Act.
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