By when does a taxpayer need to claim Input Tax Credit ?

By when does a taxpayer need to claim Input Tax Credit ?

Asked on January 10, 2018 in Miscellaneous.
Add Comment
1 Answer(s)

The input tax credit can be claimed for invoice up to one year prior to the date of grant of approval/opting out of composition or exempt supplies becoming taxable and this one will be counted on or after appointed day. For capital goods the invoices can be dated 5 years prior to the date of grant of approval/opting out of composition or exempt supplies becoming taxable.

Answered on January 10, 2018.
Add Comment

Your Answer

Gen GST