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of <h1>New CGST Act Rule: ITC Claims Tied to Debit Note Date, Not Invoice; Clarifies Reverse Charge for Unregistered Supplies.</h1> Section 16(4) of the CGST Act stipulates that a registered person cannot claim Input Tax Credit (ITC) after the earlier of the due date for filing the return for September or the annual return of the subsequent financial year. Amendments specify that the date of a debit note, not the underlying invoice, determines the financial year for ITC eligibility. For supplies from unregistered persons under reverse charge, the relevant financial year is when the recipient issues the invoice. Extensions and clarifications address ITC claims for past financial years and rectify orders for alleged ITC contraventions.
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