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Applicant M/s. LAS PALMAS CO-OPERATIVE HOUSING SOCIETY LIMITED, a registered taxpayer in Mumbai has applied for Advance Ruling u/s 97 of the CGST Act, 2017. The question involved was whether the applicant can claim input tax credit of the tax…
Section 16 of Central Goods and Service Tax (“the Act”) provides for the eligibility and conditions for taking Input Tax Credit (ITC). The said section provides that, subject to the conditions, every registered person shall be entitled to take credit…
The time limit to claim input tax credit of the invoices pertaining to financial year 2017-18 is 20th April, 2019. As per the provision the time limit was 20th October, 2018. But since the financial year 2017-18 is the first…
Presently, the mechanism of claiming Input Tax Credit (ITC) is a self assessment basis. That is the registered person furnishes the ITC amount in table no. 4 of FORM GSTR 3B based on his own working and claims the credit..…
A registered person is entitled to take input tax credit of any invoice or debit note pertaining to invoice of the financial year 2017-18, till the filing of return for the month of March, 2019 i.e 20.04.2019. This facility is…