What is the time limit for carrying forward input tax credit as per TN VAT Act?
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Time limit to carry forward input tax credit(TN)
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The Input Tax Credit on purchases can be claimed during the month of receipt of goods, if supported by original tax invoice containing prescribed particulars. If input tax credit omitted to be claimed during the month of purchase it can be claimed within 90 days from the date of purchase or before the end of the financial year, whichever is later.
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