Vat itc eligibility

[N Balachandran]

Sir. We purchased goods in the month 3 rd October and the purchase reported in the VAT return in the month of March and filed the return on15 th of April. Are we eligible to take VAT ITC under TNVAT as the assessing officer says we are not eligible as 90 days is over from suppliers invoice date. Kindly clarify the same. Regards. Balachandran.N

[DR.MARIAPPAN GOVINDARAJAN]

Kindly recall the discussions had with you to me in this regard. You said that High Court decided the case in your favor. Please forward the copy of the High Court to my email id and also the other details of the case.

[Ravikumar muthusamy]

within end of the account year i.e 31st march or 90 days from the invoice date whichever is later so you are eligible to take ITC

AI Summary

VAT Input Tax Credit Eligibility Confirmed for Late Filers: ITC Valid Until End of Accounting Year or 90 Days. A participant in a discussion forum inquired about the eligibility for claiming VAT Input Tax Credit (ITC) under the Tamil Nadu VAT (TNVAT) system. They reported a purchase in October but filed the VAT return in April, raising concerns about eligibility due to the 90-day rule from the invoice date. One respondent referenced a favorable High Court decision, requesting case details. Another respondent clarified that ITC eligibility is valid until the end of the accounting year or 90 days from the invoice date, whichever is later, indicating eligibility in this case.