Time limit for claiming ITC

[VIGNESH]

Sir, what was the time limit for claiming ITC for F.yr:2017-18, 2018-19,2019-2020.

[KUMAR Narasimhan]

Dear Sir,

ITC can be availed for a particular Financial year on or before of 20th October of Subsequent Financial year.

For Example: ITC pertains to FY 2017 - 2018 to be availed on or before of 20th October 2018

[KASTURI SETHI]

For the year 2017-18, ITC could be availed by 20.4.19. Relaxation was granted vide Central Goods and Services Tax (Second Removal of Difficulties) Order, 2018 issued by CBIC vide Order No. 2/2018-C.T., dated 31-12-2018.

No such relaxation was granted for the years 2018-19 and 2019-20.

[VIGNESH]

Thank u Guruji

[Ganeshan Kalyani]

I agree with the views of the expert.

AI Summary

Clarification on ITC claim deadlines under GST for 2017-18 to 2019-20; 2017-18 allowed extension to April 20, 2019. The discussion revolves around the time limit for claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST) for the financial years 2017-18, 2018-19, and 2019-20. It was clarified that ITC for a financial year must be claimed by October 20 of the subsequent year. For 2017-18, a relaxation allowed claims until April 20, 2019, as per a specific order by the Central Board of Indirect Taxes and Customs. No such relaxation was provided for the subsequent years. Participants expressed gratitude and agreement with the information shared.