Input Tax Credit
Query (Issue) Started By: – Ethirajan Parthasarathy Dated:- 3-9-2018 Last Reply Date:- 4-9-2018 Goods and Services Tax – GST
Got 2 Replies
GST
* Section 16(4) Provides for Time Limit regarding Input tax set off.
\nIt is not clear to me whether the time limit Apllies for Input tax “Availment” or Input tax 'Credit”
\nReply By Praveen Nair:
\nThe Reply:
\nAs per Sec 16(4) of the CGST Act, “A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note <\/p>\n
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