CBIC Clarified on Extension of ITC Claims Due Date

Central Board of Indirect Taxes and Customs (CBIC) has issued a press release clarifying the extension of the time limit for certain compliances w.e.f. 1st October 2022.

On 28th September 2022, CBIC issued a notification to extend the time limit for the following compliances to 30th November of the next financial year or furnishing of the relevant annual return (GSTR-9), whichever is earlier:

Sections under 

the CGST Act, 2017

Section 16(4) The time limit for claiming ITC on an invoice or debit note related to an FY
Section 34(2) Reporting credit notes related to an FY
Proviso to Section 37(3) Amendment to details reported in GSTR-1 related to an FY
Proviso to Section 39(9) Amendment to details reported in GSTR-3B related to an FY
Proviso to Section 52(6) Amendments to details reported in GSTR-8 by a TCS operator

Also, the department clarified the following points:

  • The extended timelines apply to the compliances for FY 2021-22.
  • The taxpayers can carry out the abovementioned compliances in the GSTR-1, GSTR-3B, or Invoice Furnishing Facility (IFF) filed up to 30th November of the next financial year or the date of filing the relevant GSTR-9, whichever is earlier.
  • Also, there will be no extension of the due date for filing GSTR-1, GSTR-3B or IFF for the October 2022 or Jul-Sep 2022 quarter.

So, it can be concluded that the GSTR-1 & 3B of October 2022 is the last chance for monthly return filers to claim Input Tax Credit (ITC) related to FY 21-22. Coming to quarterly return filers, they can amend Business-to-Business (B2B) invoices or CDNs of FY 2021-22 only until Jul-Sept 2022 quarter returns.

For any clarifications/feedback on the topic, please contact the writer at dvsr.anjaneyulu@clear.in

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