Revised timelines for taking Input Tax Credit for FY 2017-18 and timeline for filing FORM GSTR 9 and GSTR 9C for FY 2018-19
The Government has extended the date of filing of FORM GSTR 9 and FORM GSTR 9C from August 31, 2019 to November 30, 2019 (vide Order No. 7/2019 dated August 26, 2019).
Consequently, as referred in trailing mail, the revised timeline for taking Input Tax Credit (‘ITC’) for Financial Year (‘FY’) 2017-18 and debit notes pertaining to invoices of FY 2017-18 will be the date of filing of annual return or November 30, 2019, whichever is earlier.
Notably, the due date of furnishing of annual return (GSTR 9 and GSTR 9C) for FY 2018-19 continues to be December 31, 2019. Hence, taxpayers are recommended to file annual return and reconciliation statement for FY 2017-18 soon and begin preparations for filing of these forms for FY 2018-19.