GST
ITC lost when filing very late
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
ITC of a year can be claimed only until 30 November after the year or the annual return date, whichever is earlier. If you file a return after that, ITC on invoices of that year may be lost.
Provisions and law
- Sec 16(4), CGST Act 2017Time limit for claiming ITC of a financial year
- Sec 46, CGST Act 2017A registered person who fails to file a return under Sec 39, 44, 45 or 52 gets a notice to file within 15 days
Analysis
Sec 16(4) sets the ITC time limit. Example: GSTR-3B for January 2026 filed in January 2027 is after 30 November 2026, so ITC for that month may not be allowed and you may pay the full output tax in cash. File quickly to protect credit, and check any relief notified for your case.
Conclusion
- Check which months fall past the ITC deadline.
- File returns before 30 November where possible.
- Work out the cash impact of lost ITC.
- Take advice on any relief.
A Savvy can do this for you
Non-filing notice
Quote
Get this doneAsk a Savvy on WhatsAppGeneral guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.