TaxTMI 
TaxTMI 
MAXIMUM TIME LIMIT FOR AVAILING ITC
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....AXIMUM TIME LIMIT FOR AVAILING ITC<br> Query (Issue) Started By: - SAFETAB LIFESCIENCE Dated:- 8-12-2018 Last Reply Date:- 14-12-2018 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>Dear Experts, Kindly let us know the maximum limit for availing ITC (IGST) from the date of invoice. Reply By YAGAY andSUN: The Reply: September month or annual return which ever is earlier. Reply By KASTU....
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....RI SETHI: The Reply: I support the views of M/s.YAGAY And SUN, experts. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Whether you mean time limit? If so adopt the views of the experts. Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Section 16 (4) of CGST Act, 2017 "A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note....
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.... for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier." Reply By Ganeshan Kalyani: The Reply: The time limit is six month from the end of the f....
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....inancial year. That is, if the tax invoice is dated 10.12.2018 , the input tax credit of the same can be taken up to the month of September 2019 return to be filed on or before 20th October 2019. Reply By Ramaswamy S: The Reply: A petition has been filed in Gujarat HC challenging the time limit. Regards S.Ramaswamy Reply By Ganeshan Kalyani: The Reply: The High Court of Gujarat clarified tha....
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....t the time limit to take credit cannot be resteicres up to 20th October of year as the time limit of six month from the year end is only if GSTR 3 would have been in place.<br> Discussion Forum - Knowledge Sharing ....