ITC on Debit Notes – Key Time Limit Under GST 📅 | Section 16(4)

ITC on Debit Notes – Key Time Limit Under GST 📅 | Section 16(4)

Confused about the time limit for claiming Input Tax Credit (ITC) on debit notes? We’ve got you covered! In this video, we simplify the GST rule that lets you claim ITC on a debit note until 30th November of the following financial year or the due date of filing your annual return—whichever is earlier. ✅

Here’s What You’ll Learn:

ITC Time Limit on debit notes and how it differs from the invoice date.
Why the calculation is based on the issue date of the debit note rather than the invoice date.
Practical tips to ensure you don’t miss the ITC deadline.

By staying updated on these critical timelines, you can avoid losing out on valuable credits and keep your GST compliance on track!

Key Topics Covered:

Debit notes and GST rules ITC time limit: 30th November or annual return due date
Importance of tracking debit note issuance dates
Best practices for GST record-keeping

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Видео ITC on Debit Notes – Key Time Limit Under GST 📅 | Section 16(4) канала CA Prateek Mitruka