How long one can carry forward the ITC? Has the time limit been specified? Ir can one carry forward it perpetually?
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Time limit for carry forward og ITC
Replies (6)
you can claim itc before annual return of that fy as per the supreme Court order
My question is about carrying ITC forward for utilization once same is claimed and not about claiming. E.g. if I have claimed some ITC but there is no sale say during the whole year or two, can I still carry forward the ITC until I make some sale and have output liability?
no time limit
Till you surrender your GSTN
you can carry forward you input tax credit for unlimited period unless and until you surrender your gstin no.
under GST there is no time limit specified for utilising the availed credit
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