The Central Board of Indirect Taxes and Customs (CBIC) furnishes the notification to permit Input Tax Credit (ITC) claims and revisions of invoices till 30th November 2022.
From the former week, a GST portal would have initiated permitting the revision concerned to the FY 2021-22 in Oct 2022 return duration. The same is with the revision placed recently in the GST law in which the revision could be performed up to 30th Nov of the subsequent FY.
A notification furnsihed specifed that “In the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in FORM GSTR-9, under the heading Instructions, in paragraph 7, – (A) for the figures, letters and words “between April, 2022 to September, 2022”, the figures, letters and words “of April, 2022 to October, 2022 filed upto 30th November, 2022” shall be substituted; (B) in the Table, in second column, – (I) against serial numbers 10 & 11, for the figures and words “April, 2022 to September, 2022”, the figures, letters and words “April, 2022 to October, 2022 filed upto 30th November, 2022” shall be substituted; (II) against serial number 12, for the figures and words “April 2022 to September 2022”, the figures, letters and words “April, 2022 to October, 2022 upto 30th November, 2022” shall be substituted; (III) against serial number 13, for the figures and words “April 2022 to September 2022”, the figures, letters and words “April, 2022 to October, 2022 upto 30th November, 2022″ shall be substituted.”
The assessee could revise the information of the taxable outward supplies incurred to the enrolled individual which would have been notified in table 4A, 4B, 6B, 6C – B2B Invoices. The assessee would furnish the fiscal year and invoice number and tap on the revised records to search for the invoice.
Since the government has extended over time, the tax date for doing GSTR-1 revision and claiming the due ITC for FY 2021-22 is 30th November. But the actual last date would rely on the November GSTR-1 or GSTR-3B filing last dates (related to October return duration). When the assessee fails to learn the related last date, the GSTR-1/3B could not be amended. The due ITC for the FY 2021-22 if any shall get seized.
