TaxTMI 
TaxTMI 
Credit is taken in the month itself but return in form 3B is filed after limitation of 16 (4) . What will happen sir?
Input tax credit
13 Mar 2022 
7 Replies 
2020 Views Asked by
Input tax credit ineligibility when claimed after statutory time limit, leading to litigation and cost benefit considerations.
Belated claiming of Input Tax Credit in the electronic credit ledger by filing GSTR 3B after the statutory time limit (limitation of 16(4)) renders the credit ineligible under the portal-based ITC recognition framework; where books show timely entitlement but the portal does not, the practical remedy is judicial review, weighed against litigation costs, and broader policy reform to clarify ambiguous GST provisions is recommended. (AI Summary)
Belated claiming of Input Tax Credit in the electronic credit ledger by filing GSTR 3B after the statutory time limit (limitation of 16(4)) renders the credit ineligible under the portal-based ITC recognition framework; where books show timely entitlement but the portal does not, the practical remedy is judicial review, weighed against litigation costs, and broader policy reform to clarify ambiguous GST provisions is recommended. (AI Summary)