Page 43 - GSTL_27th August 2020_Vol 39_Part 4

2020 ] CONDONATION OF DELAY OF TIME PERIOD UNDER GST LAW J99
section (1) of avail the fication in this
Section 18 on input tax behalf, shall
the inputs held credit sub- make a declara-
in stock or in- mit decla- tion, to the effect
puts contained ration elec- that he is eligible
in semi-finished tronically to avail the input
or finished on the tax credit
goods held in common
stock, or the portal in
credit claimed FORM
on capital GST
goods. ITC-01
6 Conditions Rule 45(3) The details of Furnished Within such fur-
and restric- challans in re- for that ther period as
tions in re- spect of goods period on may be extended
spect of in- dispatched to a or before by the Commis-
puts and job worker or the twenty- sioner by a noti-
capital received from a fifth day of fication in this
goods sent job worker dur- the month behalf.
to the job ing a quarter succeeding
worker shall be includ- the said
ed in FORM quarter.
GST ITC-04
7 Matching of Rule 69 The claim of The time Provided further
claim of input tax credit limit for that the Commis-
input tax on inward sup- furnishing sioner may, on
credit plies including FORM the recommenda-
imports, provi- GSTR-1 tions of the
sionally al- specified Council, by or-
lowed under under Sec- der, extend the
Section 41, shall tion 37 and date of matching
be matched un- FORM relating to claim
der Section 42 GSTR-2 of input tax cred-
after the due specified it to such date as
date for fur- under Sec- may be specified
nishing the re- tion 38 has therein.
turn in FORM been ex-
GSTR-3 (Kept tended; the
abeyance) date of
matching
relating to
claim of
input tax
credit shall
also be ex-
tended ac-
cordingly.
GST LAW TIMES  27th August 2020  43