Is there any time limit to claim ITC of 1.75 Laks ?
could I claim ITC in another way without showing GST bill ?
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Machinery slow sales
I bought machine and paid GST of 1.5 laks. And raw material and paid GST for 25 thousand .total . I couldn't sell my products(paper bags) with gst. very slow movement..
Is there any time limit to claim ITC of 1.75 Laks ?
could I claim ITC in another way without showing GST bill ?
Is there any time limit to claim ITC of 1.75 Laks ?
could I claim ITC in another way without showing GST bill ?
Replies (8)
Quick Summary
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...
- 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...
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