Sir/Madam,
As per the provisions of Gst act, time limit for claiming ITC is earlier of due date of September of the next financial year or date of filing of Annual return.
Does this ITC time period limitation applies to ITC on capital goods (or) whether ITC for capital goods can be deferred over 5 years?
Kindly assist me.
Thanks in advance.
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Time limit for itc on capital goods
Replies (3)
As per section 16(4) time limit for claiming ITC is due date of september or date of filing Annual Return w.e. is earlier.
It's about claiming of credit time limit, it does not differentiate whether credit on inputs or capital goods.
ITC of capital goods take in single shoot.
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