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Time limit for itc on imports

Mukesh babu (No) (105 Points)

21 October 2019

is there any time limit for availing input tax credit on import of goods???

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CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 21 October 2019

It is as applicable to import from all other head. no seprate provision for availment of itc

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Mukesh babu (No) (105 Points)
Replied 21 October 2019

Hence there is no time limit to avail itc on import of goods. is it right?

Hardik (Professional) (918 Points)
Replied 21 October 2019

Time limit to avail ITC is contained under section 16(4) of CGST Act and respective State Acts. It is earlier of the following:

i) Due date of furnishing return u/s 39 for the month of September following the end of FY of such invoice; or

ii) Date of furnishing Annual Return

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