ITC Claim Time Limit for the Previous Financial Year
Due: 30 November following the financial year (or the date of annual return, whichever is earlier).
Due date
30 November following the financial year (or the date of annual return, whichever is earlier).
Due dates are frequently extended by notification or circular. Verify on the official portal before relying on them. Section references are to the Income-tax Act, 1961 (up to FY 2025-26); the Income-tax Act, 2025 re-numbers provisions from tax year 2026-27.
What is it?
ITC on invoices of a financial year must be claimed within the time limit under section 16(4).
Who must comply
Taxpayers claiming ITC.
Penalty / consequence of delay
ITC becomes time-barred and is lost.
How to comply
- Reconcile all purchase invoices of the financial year
- Claim eligible ITC before the deadline
Tips to stay compliant
- Add the due date to your calendar a week early and keep documents ready.
- Reconcile books with portal data before filing; fix differences first.
- Keep acknowledgements, challans and working papers for at least the statutory retention period.
- Watch for CBDT / CBIC / MCA notifications: extensions and relaxations are common, but never assume one.
Need help?
GstMan can handle this compliance for you with reminders and filing. Contact us or message on WhatsApp.
Frequently asked questions
What happens if I miss the ITC deadline?
The credit is lost, except in cases where the law provides relief.