Circular No.ES/190/2018-19 September 05, 2018
To: Members of the Council
Sub.: Extension in the time limit for making the declaration in FORM GST ITC-01 for specified classes of taxpayers
As you are aware, a registered person who is entitled to claim credit of input tax under section 18 (1) is required to file a declaration in Form ‘GST ITC-01’. The credit may be availed for inputs held in stock, Inputs contained in semi-finished or finished goods held in stock or capital goods.
Now, Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.42/2018-Central Tax dated 4th September, 2018 extending the time limit for making the declaration in FORM GST ITC-01 by registered persons who have filed the application in FORM GST-CMP-04 between 2nd March, 2018 and 31st March, 2018, for a period of 30 days from the date of publication of this notification in the Official Gazette i.e. 4th October, 2018.
Members may kindly make a note of the above.