Time Limit for availing GST-ITC

[SAFETAB LIFESCIENCE]

Dear Team,

Please inform us the maximum time limit for availing GST-ITC.....

[So B]

As per section 16(4) registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier.

[SAFETAB LIFESCIENCE]

Dear Sir,

I could not able to understand your reply. Can you please tell me what is the last date for availing GST ITC for the bills received by us for July-2017, Sept-2017, Dec-2017, Jan-2018 to Mar-2018

[So B]

The time limit to avail ITC for above period shall be earliest of the following two events:

(a) Filing of return under section 39 for the month of September following end of financial year or

(b) Filing of annual return

[SAFETAB LIFESCIENCE]

Filing of Returns u/s 39 means, filing of our normal GSTR-3B and GSTR-1 - Is it ???

[So B]

Filing of return u/s 39 means GSTR 3 or if GSTR 3B is continued then GSTR 3B.

[SAFETAB LIFESCIENCE]

As of now GSTR-2, GSTR-3 both are deferred upto Mar-2018, Am I correct ????

AI Summary

Time limit for availing GST input tax credit: deadline is the earlier of specified return filing or annual return.
The operative cutoff for claiming input tax credit is the earlier of filing the return required for the month of September following the end of the financial year or furnishing the relevant annual return; this limitation applies to invoices and debit notes pertaining to that financial year and governs eligibility for claims across intra-year periods. Filing the return in practice means the prescribed periodic return (GSTR-3 or, if continued in practice, GSTR-3B).