CBIC Extends Deadline for ITC Filing

The Central Board of Indirect Taxes & Customs (“CBIC”), helpdesk has clarified that benefit of an extended time limit to avail Input Tax Credit (“ITC”) till November 30, 2022 is applicable for the Financial Year (“FY”) 2021-2022 as well.

With this notification that applies after the 1st of  October 2022, the due date stands revised from  FY 2021-22 onwards for disclosing such yearly  amendments or previously missed reporting to  earlier of the 30th of November 2022 or the date  of filing Form GSTR-9.  

Earlier, the taxpayers could reconcile and make  amendments to sales invoices and Credit/Debit  Notes (CDN) or claim any previously missed  Input Tax Credit (ITC) belonging to FY 2021-22  earlier of two dates. Firstly, the due date of filing  GSTR-1/3B of September 2022 and, secondly, the  date of filing Form GSTR-9. Hence, the window  was the GSTR-1/3B for monthly filers and the  Invoice Furnishing Facility (IFF)/GSTR-1/GSTR3B for quarterly filers.  

The major update  that industry and tax professionals were waiting  for falls under Sections 100, 102, and 103. These    We would like to hear from you about your experience  with the CBIC-Mitra Helpdesk. Please click on the below  mentioned URL to give feedback.  https://cbic-gst.gov.in/cbec-portalui/?webticketing/feedback/MjAyMjA5MzA0MjkzODEx 2 amend Sections 16(4), 34 and 37 of the Central  Goods and Services Tax (CGST) Ac 

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