https://www.taxtmi.com/forum/issue?id=114361 Utilisation of input tax credit is not restricted to the period in which it was availed and a one to one periodwise matching of availed and utilised ITC is not required. Section 16(4) governs the time limit for taking or claiming ITC but does not by its terms limit utilisation of credit once in the electronic credit ledger. The electronic credit ledger may be used to pay output tax, whereas interest on delayed tax must be paid from the cash ledger, and revenue authorities may take differing views. en-us Thu, 29 Nov 2018 14:34:48 +0530 Thu, 23 Jan 2025 15:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114361 Utilisation of input tax credit is not restricted to the period in which it was availed and a one to one periodwise matching of availed and utilised ITC is not required. Section 16(4) governs the time limit for taking or claiming ITC but does not by its terms limit utilisation of credit once in the electronic credit ledger. The electronic credit ledger may be used to pay output tax, whereas interest on delayed tax must be paid from the cash ledger, and revenue authorities may take differing views. Discussion-Forum GST Thu, 29 Nov 2018 14:34:48 +0530 https://www.taxtmi.com/forum/issue?id=114361