The Central Government, today notified the extension of time limit for making declaration GST ITC-01 to avail Input Tax Credit till the 31st day of January 2018.
As per Section 18 of the Central GST Act, a person who has registered with the Act shall be entitled to take credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the day immediately preceding the date from which he becomes liable to pay tax under the provisions of this Act.
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