How long one can carry forward the ITC? Has the time limit been specified? Ir can one carry forward it perpetually?
Thanks
6 Replies
UMASHANKAR KUMAR
(27 Points)
Replied 18 August 2019
you can claim itc before annual return of that fy as per the supreme Court order
Mohan Kale
(376 Points)
Replied 18 August 2019
My question is about carrying ITC forward for utilization once same is claimed and not about claiming. E.g. if I have claimed some ITC but there is no sale say during the whole year or two, can I still carry forward the ITC until I make some sale and have output liability?
UMASHANKAR KUMAR
(27 Points)
Replied 18 August 2019
you can carry forward you input tax credit for unlimited period unless and until you surrender your gstin no.
Uttam
(employee)
(814 Points)
Replied 07 September 2019
under GST there is no time limit specified for utilising the availed credit
Recent Topics
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
Related Threads
CAclubindia
