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 October 2017.
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.
Read the full text of the Notification below.
