Question ID :
44415
input credit for the FY 2021-22
Assessee had opted for filling quarterly return. As per the 2B of Dec.'22 quarter, ITC of fy 2021-22 booked now by the supplier. Can it be taken by now as the 30-11-22 elapsed for taking credit for FY 2021-22
Posted by
SURAJ KUMAR CHOUDHARY
on
Jan 27, 2023
Filed Under
GST
Answer ID :
83899
Pursuant to the amendment in Section 16(4) of the CGST Act, 2017, a taxable person shall not be entitled to take ITC in respect of any invoice or debit note or supply of goods or services or both, after the 30th day of November following the end of the financial year to which such invoice or debit note pertains or filing of the relevant annual return, whichever is earlier.
Posted by
DIVYANSH GOYAL on
Jan 27, 2023
Answer ID :
83917
Not allowed as the time limit to claim ITC expired
Posted by
VINAY BHARGAV KUMAR G on
Feb 13, 2023