https://www.taxtmi.com/article/detailed?id=9965 A statutory cut-off requires registered persons to claim Input Tax Credit for the prior financial year by completing required returns and reconciliations in the statutory filing month following year-end; amendments to outward-supply reporting and supplier-ledger matching must be finalised within that window. Taxpayers must reconcile purchase records against supplier-filed details, pursue vendor amendments where needed, reverse credit where consideration remained unpaid beyond the prescribed interval, finalise apportionment between taxable and exempt uses for the year, and issue any prior-year credit notes within the same filing window. en-us Mon, 23 Aug 2021 12:10:42 +0530 Mon, 23 Aug 2021 12:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9965 A statutory cut-off requires registered persons to claim Input Tax Credit for the prior financial year by completing required returns and reconciliations in the statutory filing month following year-end; amendments to outward-supply reporting and supplier-ledger matching must be finalised within that window. Taxpayers must reconcile purchase records against supplier-filed details, pursue vendor amendments where needed, reverse credit where consideration remained unpaid beyond the prescribed interval, finalise apportionment between taxable and exempt uses for the year, and issue any prior-year credit notes within the same filing window. Articles Goods and Services Tax - GST Mon, 23 Aug 2021 12:10:42 +0530 https://www.taxtmi.com/article/detailed?id=9965