GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24

Goods and services tax (GST): Registered taxpayers won't be able to claim any pending input tax credit if they don't file their GST return by November 30, 2024 for FY 2024-25. CBIC said, "The taxpayer is allowed to claim pending ITC , upto earlier of following dates i.e. a) 30th Nov following the end of the Financial Year, or d) furnishing of annual return. Accordingly, pending ITC pertaining to FY 2023-24 can only be claimed up to November 30, 2024, i.e. filing of October 2024 GSTR-3B," says Divya Bhushan, Tax partner, EY India.