dear sir,
Is it possible to take credit of old purchase bills. say invoice of July 17 in July 18
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2018
Yes.... It's possible to Take.
Ramesh Râm
(8 Points)
Replied 21 August 2018
sir last 3monthes ago I didn't taken some invoice s so I am claim in this month....so plz tell me.....sir
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2018
Yes... You can take ITC if You deal Taxable Supplies...
Vinod Babu
(24191 Points)
Replied 21 August 2018
Yes agree with Raja sir.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:
Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return
Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:
Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return
Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.
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