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ITC Credit time limit in MGL

Goods and Services Tax - Started By: - Vishnu Dutt Gupta - Dated:- 16-2-2017 Last Replied Date:- 27-7-2017 - Dear Sir/Mam, As per Section 16 (15) of the MGL, ITC cannot be taken beyond the month of September of the following FY to which invoice perta .....

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uld be clear when the final GST law will come. Till then adopt the wait and watch policy. - Reply By KASTURI SETHI - The Reply = Sh.Gupta Ji, It is Section 16(4) and not (15) as per revised MGL. I understand as under:- ITC is not permitted on the str .....

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;, (by whatever name called) or debit note.Credit is not allowed on the strength of those invoices or debit notes which relate to the original invoices issued previous financial year. Balance Sheet is to be prepared by 30th September every year and a .....

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return for September or annual return. - Reply By Vishnu Dutt Gupta - The Reply = Thanks for your valuable reply sir, But I think it can be sufficient that ITC cannot be taken beyond of September of the following FY'. Sept always comes before De .....

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