failed to file ITC-01, Goods and Services Tax - GST

[priyesh agrawal]

sir,

what if assessee failed to file ITC-01 in 30 days? what are the remedies available to him? can he make an application to commissioner for extending the time?

ITC-01 is filled u/s 18(1)(c)

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

The assessee may approach the Commissioner for extension. Rule 40(1)(b) provides that the registered person shall within a period of thirty days from the date of becoming eligible to avail the input tax credit under sub-section (1) of section 18, or within such further period as may be extended by the Commissioner by a notification in this behalf, shall make a declaration, electronically, on the common portal in FORM GST ITC-01 to the effect that he is eligible to avail the input tax credit as aforesaid.