Notification No.: 44/2017 – Central Tax
Date of Notification: 13th October 2017
Relevant Sections and Rules:
- Central GST Act, 2017: Section 18(1) – Availability of credit in special circumstances
- CGST Rules, 2017: Rule 40(1)(b) – Declaration in FORM GST ITC-01
- Section 168: Power of the Board to issue directions
- Integrated GST Act: Not applicable
Summary of Notification
Extension of Time Limit for Filing FORM GST ITC-01 for Credit Eligibility (July–September 2017):
This notification extends the time limit for eligible registered persons to file FORM GST ITC-01, declaring entitlement to input tax credit under Section 18(1) of the CGST Act, 2017.
- Who is Eligible:
Persons who became eligible for ITC under Section 18(1) during the months of:- July 2017
- August 2017
- September 2017
- New Deadline for Declaration:
31st October 2017
This applies to situations such as:
- Becoming liable for registration
- Voluntarily opting into registration
- Exempt supply becoming taxable
- Composition scheme withdrawal
