GST Notification 18/2022 | 30th Nov is time limit to claim ITC, issue CDN & amend returns

GST Notification 18/2022-Central Tax ,dt. 28-09-2022

CBIC has extended the time limit for claiming ITC (including for FY 21-22), issuing CDN, and doing amendments to returns of the previous year till 30th November by notifying clause 100 of the Finance Act 2022 to be effective from 01.10.2022,

Prior to this amendment, the last date for availing of ITC of the previous year was the due date for filing GSTR-3B for the month of September which has now been extended to 30th November with effect from 1st October.

Clause (ba) of Sec 16(2) also notified along with substituted Sec 38 which restricts the ITC. HOWEVER, rules for the same are yet to be notified.

Mandeep Kulkarni

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