Machinery slow sales

You might have already claimed ITC. The ITC which you have in your credit ledger stays forever even if sale doesn't happen. therefore no time limit to utilize such ITC.

No more time limit if You are claimed the ITC. You can utilize the credit ledger balance any time...

It will be there in ECL unless you utilise or surrender your GSTN

@ Roshini, Raja, Rawat. Then what is the limit of 180days from the end of financial year, is it for claiming of ITC not for utilising of ITC??

What is the limit of 180days from the end of financial year...?

- The said limit is payment to supplier from date of purchases.


is it for claiming of ITC not for utilising of ITC??

- It's claiming ITC in GSTR 3B return. Once claiming then we can utilize anytime up-to closing of business.
- Claiming ITC time limit is next FY September GST returns or Annual return which is earlier...

Thank you Raja.

Thank you all

Welcome to Both of You...