https://www.taxtmi.com/article/detailed?id=8153 A statutory time bar causes ITC for FY 2017-18 invoices to lapse unless reconciled and claimed in the September 2018 return. Taxpayers must reconcile books with GSTR 2A, procure vendor corrections or duplicate invoices, issue credit notes for 2017-18 by the September deadline, and finalise annual re determination of ITC attributable to exempt supplies. Reverse charge tax and eligibility conditions (invoice possession, receipt of goods/services, supplier payment, and payment to vendor) may create conflicts with the time bar and require proactive resolution before filing the September return. en-us Tue, 11 Sep 2018 07:55:01 +0530 Tue, 11 Sep 2018 07:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8153 A statutory time bar causes ITC for FY 2017-18 invoices to lapse unless reconciled and claimed in the September 2018 return. Taxpayers must reconcile books with GSTR 2A, procure vendor corrections or duplicate invoices, issue credit notes for 2017-18 by the September deadline, and finalise annual re determination of ITC attributable to exempt supplies. Reverse charge tax and eligibility conditions (invoice possession, receipt of goods/services, supplier payment, and payment to vendor) may create conflicts with the time bar and require proactive resolution before filing the September return. Articles Goods and Services Tax - GST Tue, 11 Sep 2018 07:55:01 +0530 https://www.taxtmi.com/article/detailed?id=8153