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TMI BlogITC on Bill of Entries - Whether any time limit is applicable?X X X X Extracts X X X X X X X X Extracts X X X X ..... As per section 16 (4) reads with rule 36 there is no time limit for availing ITC in respect of BOEs , time limit is only for invoice/debit note. Therefore, no time limit is applicable with respect to credit availment on Bill of Entries under GST. Any different view please - Reply By Mahadev R - The Reply = I agree with your view that the time limit is only for debit notes (linked to invoice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... date) and invoice. In respect of BOE, no time limit for taking credit. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Mahadev - Reply By Spudarjunan S - The Reply = I endorse the views of experts as provided above. - Reply By Alkesh Jani - The Reply = Sir, Section 16(4) states ... any invoice... and not invoice issued in accordance with provisions of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Section 31 . However, Bill of entry is assessed by Customs on the basis of Invoice issued by the foreign supplier, the Customs authority may accept the value or may assess as per the provision of Customs Act , and Valuation Rules. However, in absence of specifying Section 31 , ofcourse one can take the above stand. However, it is debatable. this is my point of view. As it is upto department ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to take their course. Thanks - ITC on Bill of Entries - Whether any time limit is applicable? - Query Started By: - RAJAGOPAL OBBAI Dated:- 24-12-2019 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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