BooksIQUnder §16(4) of CGST Act 2017, ITC for a financial year must be claimed by 30 November of the following FY OR the due date of furnishing the annual return for that FY, WHICHEVER IS EARLIER. Earlier deadline was 30 September; raised to 30 November by FA 2022.
Key points
- §16(4) bars a registered person from taking ITC on any invoice or debit note for supply of goods or services after the earlier of (a) 30 November of the following FY or (b) the actual furnishing of the relevant annual return.
- The 30-November deadline applies from FY 2021-22 onwards (raised from 30-September by Finance Act 2022 — the original §16(4) deadline was 'October of next FY').
- Claiming ITC after this window means PERMANENT denial — no condonation mechanism.
- Provisional ITC under Rule 36(4) also requires the supplier to file GSTR-1 and the invoice to reflect in GSTR-2B.
- ITC reversal under Rule 37 if payment not made within 180 days of invoice.
Reference: §16(4), CGST Act 2017 + Rule 36
This page is general information for Indian businesses, current as of the
financial year shown above — not legal or tax advice. Tax law changes,
and how a provision applies depends on your specific facts. Confirm the
current position with a qualified professional before you act.
Stop looking up sections. Ask your own books.
BooksIQ answers tax, GST and compliance questions from your actual Tally data — in plain English or Hindi.
See how it works