LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

itc under gst

sujin (accounts executive) (219 Points)

15 February 2018

dear experts,
what is the time limit to taking input credit under gst

Reply
Follow
Share

6 Replies

RAJA P M ("Do the Right Thing...!!!") (127058 Points)
Replied 15 February 2018

Before September of the next FY or Before Annual Return which is earlier...

sujin (accounts executive) (219 Points)
Replied 15 February 2018

ok send me any notification or evidence

RAJA P M ("Do the Right Thing...!!!") (127058 Points)
Replied 15 February 2018

In GST

Section 16 sub Sec 4 is said as.,

(4) A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier

(Please read with section 39, 41 and 49. You can get some clarity)