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of <h1>Finance Bill 2022 Amends Section 16 CGST Act: New ITC Restrictions and Deadline Changes Introduced</h1> Clause 99 of the Finance Bill, 2022, proposes amendments to section 16 of the Central Goods and Services Tax Act, 2017. It introduces a new clause (ba) in sub-section (2), stipulating that input tax credit can only be availed if it is not restricted in the details communicated under section 38. Additionally, it amends sub-section (4) to set the deadline for claiming input tax credit to the thirtieth day of November following the end of the financial year related to the invoice or debit note, or the filing of the relevant annual return, whichever comes first.
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