regarding ITC CREDIT

ITC / Input 177 views 3 replies
I purchased good in the month of August but I cannot claim the input. can I can claim input in Feb 2019
Replies (3)

Yes u can

According to Section 16(4) of CGST act,

A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains

(OR)

furnishing of the relevant annual return, whichever is earlier.

Hence in your case both (August 2018 and Feb 2019) falls under the same financial year and hence Input tax can be claimed.

Yes... You can claim.


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