Time Limit for Claiming of ITC
Manish S Thingalaya (student) (430 Points)
12 June 2018
What is the time limit for claim the ITC.. plz specify with section
3 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 12 June 2018
NO LIMIT FOR CLAIMING ITC HOWEVER ,
Failure of the supplier towards supply of goods and/or services within 180 days from the date of invoice, ITC already claimed by recipient will be added to output tax liability and interest to paid on such tax involved. On payment to supplier, ITC will be again allowed to be claimed
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 June 2018
Yes .. its September of next fy Year or before filing of annual return , whichever is earlier
Vinod Babu
(24191 Points)
Replied 12 June 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.
Recent Topics
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- 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
Related Threads
CAclubindia
