MAXIMUM TIME LIMIT FOR AVAILING ITC

[SAFETAB LIFESCIENCE]

Dear Experts,

Kindly let us know the maximum limit for availing ITC (IGST) from the date of invoice.

AI Summary

Experts Agree: Claim GST Input Tax Credit by September Return Deadline per Section 16(4) of CGST Act, 2017. A discussion on the maximum time limit for availing Input Tax Credit (ITC) under the Goods and Services Tax (GST) framework reveals that the consensus among experts is that ITC must be claimed by the due date of the September return following the financial year-end or the annual return, whichever is earlier. A reference to Section 16(4) of the CGST Act, 2017 supports this view. Additionally, a petition challenging this time limit was filed in the Gujarat High Court, which clarified that this restriction applies only if GSTR 3 is in place.