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Clarity regarding Sec 16(4)

Vineeth Bharadhwaj (5 Points)

26 November 2024

Ineligible ITC u/s 16(4) has appeared in our GSTR 3B summary of the year. Should we show this anywhere in GSTR 9?

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14811 Points)
Replied 27 November 2024

Section 16(4) of the CGST act 2017 is conditions to take input tax credit , and section 17(5) is for ineligible ITC , so please clerify is the ITC as per section 17(5) the CGST act ?.

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Vineeth Bharadhwaj (5 Points)
Replied 28 November 2024

No, it I as showing ineligible Itc u/s 16(4) not blocked credit u/s 17(5)

prasad Nilugal ( GST Practitioner & Accounts ) (14811 Points)
Replied 28 November 2024

Ok , So as per the section 16(4) of the CGST Act 2017 , there is time limit to take ITC , and you must have taken that ITC after that time limit ( for exemple time limit to take ITC for F.Y 23-24 is 30/11/2024 ) therefore same may be Ineligibale , so check the books of accounts ( Invoice wise details ) , why it is Ineligiable ?, and revart back .