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As per Section 16 of GST

Last Date of Taking Input Tax Credit is

  1. Due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or
  2. furnishing of the relevant annual return, whichever is earlier.

Example

Invoice Date is 10 June 2017

It is of Financial Year 2017-18

End of Financial Year is in 31 March 2018

September following End of Financial Year is Return of September 2018

Suppose Due Date of Return of September 2018 is 15 October 2018

Hence

Last Date of taking Input is 15 Oct 2018

However if Annual Return of 2017-18 is filed before 15 October 2018,(Suppose on 20 Septem 2018) then Last date of taking Input is 20 September 2018

 

Note:-

Due Date Of Annual Return of GST is 31 December 2018 for Financial Year 2017-18

If Return filed on 31/10/2018,Last date of taking Input is 15 October 2018 (Due Date of Return of September)

  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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