Goods and Services Tax – GST – By: – Ganeshan Kalyani – Dated:- 19-2-2019 Last Replied Date:- 19-2-2019 – Every registered person is entitled to take credit of input tax charged by the supplier on any supply of goods or services or both which are used or intended to be used in the course or furtherance of his business. The input tax credit eligibility is subject to section 17 of CGST Act, 2017 which blocks the credit on entirety or on proportionate basis. There is time limit provided in the GST law for claiming the credit. A registered person cannot claim input tax credit in respect of any invoice or debit note for the supply of goods or services or both after the due date of filing of GST return for the month of September following the en
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Central Tax dated 31st December, 2018. Hence, the registered person can claim input tax credit on the invoice pertaining to the financial year 2017-18 up to 20th April 2019. Most of the eligible credits would have been claimed by the registered person by 20th October 2018. However, due to the lack in clarity of the GST law some credits would have been skipped by him to claim within the said timeline. Since, there is time now the registered person should analyse the eligibility and claim the credit. A registered person can also compare their purchase register with the GSTR-2A to ensure that all the credit as uploaded by the supplier are claimed. In case any credit appearing in GSTR-2A is not claimed by him then it can be claimed within the r
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