https://www.taxtmi.com/forum/issue?id=119084 The issue is whether ITC 01 filed after opting out of the composition scheme on 30 March may be filed in the next fiscal year when the statutory filing window from the opt out date falls in that year. The discussion emphasises that entitlement to transitional input tax credit is subject to a one year lookback and must be claimed within the prescribed filing period from the date of becoming eligible, and that contributors did not locate a provision restricting ITC 01 to once per financial year. en-us Sun, 28 Apr 2024 21:10:13 +0530 Fri, 24 Jan 2025 10:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119084 The issue is whether ITC 01 filed after opting out of the composition scheme on 30 March may be filed in the next fiscal year when the statutory filing window from the opt out date falls in that year. The discussion emphasises that entitlement to transitional input tax credit is subject to a one year lookback and must be claimed within the prescribed filing period from the date of becoming eligible, and that contributors did not locate a provision restricting ITC 01 to once per financial year. Discussion-Forum GST Sun, 28 Apr 2024 21:10:13 +0530 https://www.taxtmi.com/forum/issue?id=119084