https://www.taxtmi.com/article/detailed?id=12151 Section 16(4) of the CGST Act sets a statutory deadline for claiming input tax credit in respect of invoices or debit notes, subject to a transitional proviso. Courts have treated ITC as a statutory concession, not an absolute vested right, and therefore within the legislature's competence to impose conditions including time limits. The doctrine of impossibility is inapplicable to Section 16(4) because the provision requires adherence to a prescribed timeframe rather than performance of an act beyond the assessee's control. en-us Wed, 20 Dec 2023 10:05:48 +0530 Wed, 20 Dec 2023 15:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12151 Section 16(4) of the CGST Act sets a statutory deadline for claiming input tax credit in respect of invoices or debit notes, subject to a transitional proviso. Courts have treated ITC as a statutory concession, not an absolute vested right, and therefore within the legislature's competence to impose conditions including time limits. The doctrine of impossibility is inapplicable to Section 16(4) because the provision requires adherence to a prescribed timeframe rather than performance of an act beyond the assessee's control. Articles Goods and Services Tax - GST Wed, 20 Dec 2023 10:05:48 +0530 https://www.taxtmi.com/article/detailed?id=12151