ITC time limit claim
venkatesan (business) (57 Points)
06 December 2022
my supplier filed his April return today in his July return. can I claim the ITC credit?
5 Replies
Dr. Jyoti Prasad Mili
(2 Points)
Replied 06 December 2022
Yes. ITC of 20-23 can be claimed upto November 30, 2023
kl Bhavana
(Student CA Final )
(417 Points)
Replied 06 December 2022
Hi Venktesan,
You can take ITC if all the below conditions are satisfied:
1. You are in possession of invoice
2. You have actually received goods/Services
3. The Invoice reflects in your GSTR 2A/2B
4. It is not an ineligible ITC as specified under section 17(5) of CGST Act 2017.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates
bhavana @ lbkca.in
You can take ITC if all the below conditions are satisfied:
1. You are in possession of invoice
2. You have actually received goods/Services
3. The Invoice reflects in your GSTR 2A/2B
4. It is not an ineligible ITC as specified under section 17(5) of CGST Act 2017.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates
bhavana @ lbkca.in
Adv Nitin sharma
(Advocate and Consultant)
(35 Points)
Replied 09 December 2022
When question is about time limit of ITC. It is advisable to follow Section 16(4) of the CGST Act.
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