dear professionals,
for Fy 17-18 some purchases left in 3B for the month of july, aug, sep,oct,nov,dec,jan,feb.
can i take ITC on those left purchases in the month of march. march 3B not filled till date. please suggest.
5 Replies
Md Raja
(Company Secretary & Compliance officer )
(72 Points)
Replied 23 May 2018
ok thanks but please suggest section or notification where mentioned
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 May 2018
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.
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.
Md Raja
(Company Secretary & Compliance officer )
(72 Points)
Replied 23 May 2018
thanks a lot for your valuable knowledge
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