Time limit for clsiming ITC

[KARAN VERMA]

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.

AI Summary

Time limit for input tax credit: invoice-date upper limit generally governs, receipt condition remains prerequisite for claiming.
Entitlement to input tax credit requires satisfying the conditions in Section 16(2), including actual receipt of goods or services, but Section 16(4) provides an outer time limit linked to the invoice date for claiming ITC in returns; where invoices precede receipt, practitioners confront timing tension and may claim then reverse or rely on deeming provisions for allocation.