Topic

Beyond the November Line: Why Section 16(4) Doesn't Trip ITC on Imports

Section 16(4) of the CGST Act sets a hard stop for ITC claims only for invoices and debit notes. IGST paid on imports is claimed on the strength of a Bill of Entry (BoE)-a different, customs-side document expressly recognized by the GST law. Because Parliament named invoices and debit notes-but not BoEs-in Section 16(4), the November cut-off doesn't apply to import IGST, so long as the importer satisfies the usual eligibility conditions...... Read More