failed to file ITC-01

[priyesh agrawal]

sir,

what if assessee failed to file ITC-01 in 30 days? what are the remedies available to him? can he make an application to commissioner for extending the time?

ITC-01 is filled u/s 18(1)(c)

AI Summary

Failing to file ITC-01 within 30 days under GST? Request an extension via Commissioner under Rule 40(1)(b). An individual inquired about the consequences of failing to file ITC-01 within 30 days under the Goods and Services Tax (GST) framework and whether an extension could be requested. The response indicated that the individual could approach the Commissioner to request an extension. According to Rule 40(1)(b), a registered person must file the declaration electronically within 30 days of becoming eligible to claim input tax credit, or within an extended period if granted by the Commissioner through notification.