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By when do I need to claim Input Tax Credit?

QuestionsCategory: GSTBy when do I need to claim Input Tax Credit?
RyanJain Staff asked 4 weeks ago

By when do I need to claim Input Tax Credit?

1 Answers
AayushPareek Staff answered 4 weeks ago

The input tax credit can be claimed for invoices up to one year prior to the date of grant of approval /opting out of composition scheme or exempt supplies becoming taxable and 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 scheme or exempt supplies becoming taxable.