Eye Share : Extension in claiming ITC for FY 2017-18 - positive or coupled with challenges?

Jan 10,2019

CBIC recently issued an Order no. 2/2018-Central Tax dated December 31, 2018 allowing registered person to take ITC till due date of furnishing of return for March, 2019 in respect of invoice for supply made during the financial year 2017-18.  Said facility has been granted in lieu of the fact that financial year 2017-18 was the first year of GST implementation and taxpayers were still in the process of familiarising themselves with new taxation system.Mr....

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