https://www.taxtmi.com/forum/issue?id=118542 The temporal bar in section 16(4) is interpreted as applying to invoices and debit notes, not to bills of entry; therefore import ITC based on bills of entry dated in an earlier financial year can be claimed later if the taxpayer was registered in the earlier year. The Revenue may issue show-cause notices and litigate, but advisers consider the taxpayer to have a strong legal position; taxpayers should weigh risk appetite and quantum before deciding to defend such claims. Legislative clarification remains a possibility. en-us Tue, 23 May 2023 13:03:32 +0530 Thu, 23 Jan 2025 15:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118542 The temporal bar in section 16(4) is interpreted as applying to invoices and debit notes, not to bills of entry; therefore import ITC based on bills of entry dated in an earlier financial year can be claimed later if the taxpayer was registered in the earlier year. The Revenue may issue show-cause notices and litigate, but advisers consider the taxpayer to have a strong legal position; taxpayers should weigh risk appetite and quantum before deciding to defend such claims. Legislative clarification remains a possibility. Discussion-Forum GST Tue, 23 May 2023 13:03:32 +0530 https://www.taxtmi.com/forum/issue?id=118542