GST input tax credit time limit restricts claims on invoices or debit notes to annual return or September return.
The statutory cut off for claiming input tax credit applies to credits claimed on the basis of a tax invoice or debit note and is the earlier of filing the relevant annual return or the due date for the September return following the financial year to which the invoice or related debit note pertains. Documents such as self invoices, bills of entry and ISD invoices are not tax invoices for this purpose and thus fall outside the Section 16(4) time bar. Reclaimed credits previously reversed are excluded from this time limit. (AI Summary)