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Time limit to claim Input tax credit
Input tax credit of July month has not be claimed by us. Can we claim that same input in November months GSTR-3B
Replies (5)
Yes... You can claim the ITC...
What is the time limit for taking ITC?
As per Section 16 (15) of the MGL*, ITC cannot be taken beyond the month of September of the following FY to which invoice pertains or date of filing of annual return, whichever is earlier.
The underlying reasoning for this restriction is that no change in return is permitted after September of next FY.
If annual return is filed before the month of September then no change can be made after filing of annual return.
MGL - MODEL GST LAW...
As per Section 16 (15) of the MGL*, ITC cannot be taken beyond the month of September of the following FY to which invoice pertains or date of filing of annual return, whichever is earlier.
The underlying reasoning for this restriction is that no change in return is permitted after September of next FY.
If annual return is filed before the month of September then no change can be made after filing of annual return.
MGL - MODEL GST LAW...
SIR/MADAM,
CAN WE CLAIM ITC AVAILABLE IN THE MONTH OF MARCH 2018 (22.3.2018 PURCHASE BILLS ) IN DRUING THE MONTH OF MAY 2018 GSTR3B RETURN
THANKS
K.ANANDAN
9487739991
Yes You Can Claim ITC of March 2018 in May 18 GSTR-3B
Bill date is Sep-2017, can we clim gst input in March
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