Last Chance to Claim ITC for FY 2025–26 – 30th November 2026
GST-registered taxpayers, please take note! The deadline for claiming eligible Input Tax Credit (ITC) for FY 2025–26 is approaching.
As per Section 16(4) of the CGST Act, 2017, a registered person cannot claim ITC in respect of an invoice or debit note after 30th November 2026, following the end of the relevant financial year, or the date of filing the annual return, whichever is earlier.
This makes it important for businesses to review their ITC records and complete pending reconciliations well before the deadline.
What should taxpayers check before the deadline?
✅ Purchase Register vs. GSTR-2B: Reconcile purchase records with GSTR-2B and identify any eligible ITC not yet claimed.
✅ Missing Invoices: Follow up with suppliers for invoices that are not reflecting in GSTR-2B.
✅ Eligible ITC: Review unclaimed eligible ITC and ensure it is claimed within the prescribed time.
✅ ITC Reversals: Check whether any ITC reversals or reclaims are pending.
✅ Supplier Compliance: Verify that the necessary supplier-related conditions for claiming ITC are fulfilled.
✅ Books vs. GST Returns: Ensure that ITC figures in books of accounts are properly reconciled with the GST returns filed.
⚠️ Why is this deadline important?
Failure to claim eligible ITC within the prescribed time limit may result in the loss of that credit. Businesses should therefore avoid last-minute reconciliations and review their records in advance.
📌 Important Date: 30th November 2026
Don’t wait until the last day. Review your records, coordinate with suppliers and complete your ITC reconciliation on time.
Stay GST-compliant. Stay informed!
