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Time limit for taking ITC
wht is the time limit for taking ITC ?
Replies (7)
Before september return filing or annual return for the previous year filing whichever is earlier
agree with sarath rajendran
but no time limit apply to claim for re availing of credit that had been reversed earlier
but no time limit apply to claim for re availing of credit that had been reversed earlier
for FY 17-18 claiming ITC date increased to 20 april 18 ..
For FY 2017-18 dates has been extended till the due date of GSTR3B of March 2019.
Order No. 02/2018 CT Dated 31st December 2018 extended the time limit u/s 16(4) to the due date of furnishing return of March 19 i.e. 20th April 2019
As per latest order the date of claiming itc for fy 17-18 has been extended up to march 2019.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:
Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return
Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return
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