TMI BlogITC- limit of payment within 180 daysX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir/ Madam Please refer section 16(2) proviso 2 . My query is as below: Last date of availing credit against an invoice raised in financial year is by the end of September of following year or filing of Annual return whichever is earlier. But regarding clause of 180 days this limit will be applicable? Suppose an invoice is raised in February 2018 but it is not paid till Augus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 2018 (180 days limit) ITC is reversed due to non-payment within 180 days. Now the payment against this invoice is made in June 2019. Can we avail this credit in June 2019 however the limit is already expired for availing ITC for invoices raised in FY 2017-18. Please clarify. - Reply By Pavan Mahulkar - The Reply = Dear Madam, Rule 39(4) of CGST rules (4) The time limit specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in sub-section (4) of section 16 shall not apply to a claim for re-availing of any credit, in accordance with the provisions of the Act or the provisions of this Chapter, that had been reversed earlier. Regards. - Reply By Ganeshan Kalyani - The Reply = Agreed. - Reply By CA.LALIT MUNOYAT - The Reply = A little correction. It is Rule 37(4) and not 39(4) - Reply By Pavan Mahulkar - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = Thanks for correction... - ITC- limit of payment within 180 days - Query Started By: - Archna Gupta Dated:- 19-9-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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