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???
4 Replies
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
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
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
subhagan sreerangam
(7054 Points)
Replied 02 November 2019
Time limit to avail ITC contained U/s 16(4) og CGST Act and respective State Acts.
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