TaxTMI 
TaxTMI 
Dera Experts,
I have paid GAR-7 challan towards the payment of GTA for the month of January 2014.in December 14 with appropriate interest.
Now shall take input credit of the challan amount (excluding interest) in December 2014/January 2015.
Credit on ST payable
06 Jan 2016 
7 Replies 
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Input tax credit on GTA payment: claim permitted after payment but subject to a one-year limitation.
Input tax credit for GTA services may be claimed on or after the date of actual payment of the GAR-7 challan (excluding interest); however, claim is subject to a one-year time bar from the date of payment, and credit is not available if that one-year period has elapsed. (AI Summary)
Input tax credit for GTA services may be claimed on or after the date of actual payment of the GAR-7 challan (excluding interest); however, claim is subject to a one-year time bar from the date of payment, and credit is not available if that one-year period has elapsed. (AI Summary)