Order 2/2018 CT Available ITC of fy 2017-18 till March 19

1. Short title––This Order may be called the Central Goods and Services Tax (Second
Removal of Difficulties) Order, 2018.-
2. In sub-section (4) of section 16 of the said Act, the following proviso shall be
inserted, namely: -
“Provided that the registered person shall be entitled to take input tax credit after the
due date of furnishing of the return under section 39 for the month of September, 2018 till the
due date of furnishing of the return under the said section for the month of March, 2019 in
respect of any invoice or invoice relating to such debit note for supply of goods or services or
both made during the financial year 2017-18, the details of which have been uploaded by the
supplier under sub-section (1) of section 37 till the due date for furnishing the details under
sub-section (1) of said section for the month of March, 2019.”.
3. In sub-section (3) of section 37 of the said Act, after the existing proviso, the following
proviso shall be inserted, namely: ––
“Provided further that the rectification of error or omission in respect of the details
furnished under sub-section (1) shall be allowed after furnishing of the return under section
39 for the month of September, 2018 till the due date for furnishing the details under sub￾section (1) for the month of March, 2019 or for the quarter January, 2019 to March, 2019.”
Replies (7)
👍👍👍 tq pankaj sir
Thank You Sir for sharing it....👍👍👍
you welcome dear
most of the registered person are concentrating on matching of input tax credits and claiming the missed credits but we must remember that matching of outward supplies, revenue details with books, GSTR 3B and with GSTR 1is also very important. with this amendment, we are having one chance to check and match all the details so that we can avoid unnecessary harassment during assessment.
you welcome dear
👍............
.

THANKS SIR FOR SUCH A UPDATE

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