Clarifying The Issues Regarding Implementation Of Provisions Of Sub-section (5) And Sub-section (6) In Section 16 Of CGST Act, 2017

Last updated: 22 October 2024

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This notification clarifies issues concerning the implementation of sub-sections (5) and (6) of Section 16 of the CGST Act, 2017. These provisions, inserted retrospectively from 1st July 2017, extend the time limit for availing input tax credit under sub-section (4) in specific circumstances. The official circular providing detailed guidance is attached.

F. No. CBIC-20001/6/2024-GST
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
GST Policy Wing
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New Delhi, dated the 15th October,2024

To,
The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/
Commissioners of Central Tax(All)
The Principal Directors General/ Directors General(All)
Madam/Sir,
Subject: Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act, 2017-reg.
Reference is invited to sub-section (5) and sub-section (6) of section 16 ofthe Central Goods & Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”) inserted in section 16 of the CGST Act, with effect from the 1st day of July, 2017, vide section 118 of the Finance (No. 2) Act, 2024,whereby the time limit to avail input tax credit under provisions of sub-section (4) of section 16 of CGST Act has been retrospectively extended in certain specified cases.

Official copy of the circular has been attached

FAQ :

This notification clarifies issues regarding the implementation of sub-sections (5) and (6) of Section 16 of the CGST Act, 2017.

Sub-sections (5) and (6) of Section 16 of the CGST Act were inserted with effect from 1st July 2017.

These sub-sections relate to the retrospective extension of the time limit to avail input tax credit under sub-section (4) of Section 16 of the CGST Act in certain specified cases.

These provisions were inserted by Section 118 of the Finance (No. 2) Act, 2024.

An official copy of the circular providing further details is attached to this notification.