Sir, I have received one service invoice dated 25/03/2020. But services against such invoice completed on 15/05/2020.
Now, my question is what is last date for me to claim ITC - 1. September, 2020 or 2. September, 2021.
Whether Section 16(2) over-ride Section 16(4) for time limit for availing ITC w.r.t condition for receipt of goods or services.
Debate on GST Input Tax Credit: Should ITC Deadline Follow Invoice Date or Service Receipt? Sections 16(2) & 16(4). A discussion on the Goods and Services Tax (GST) forum revolves around the time limit for claiming Input Tax Credit (ITC) when an invoice is dated before the actual receipt of services. The main query concerns whether the deadline for claiming ITC should be based on the invoice date or the service receipt date, as per Sections 16(2) and 16(4) of the CGST Act. Participants generally agree that Section 16(4) sets the deadline based on the invoice date, suggesting September 2020 as the last date for claiming ITC in this scenario, despite the service being received later. Some discuss the implications of continuous supply and deeming provisions. (AI Summary)
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