CGST Rules Rule 70 — Final acceptance of input tax credit and communication thereof
CGST Rules, 2017 · Final acceptance of input tax credit and communication thereof
Quick Answer
Rule 70 of the CGST Rules, 2017 governs Final acceptance of input tax credit and communication thereof. It establishes the detailed procedural framework and compliance requirements necessary to implement the corresponding provisions of the CGST Act. Rule 70 CGST: Final acceptance of input tax credit and communication — eligibility, conditions, case laws and compliance impact under Indian tax law.
(1)The final acceptance of claim of input tax credit in respect of any tax period, specified in sub-section (2) of section 42, shall be made available electronically to the registered person making such claim in FORM GST MIS-1 through the common portal. (2) The claim of input tax credit in respect of any tax period, specified in sub-section (2) of section 42, shall be finally accepted and communicated, in FORM GST MIS-1, to the registered person making such claim, within two years from the due date for furnishing the return in FORM GSTR-3 for the month of September following the end of the financial year to which such claim relates.1
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1
Omitted (w.e.f. 01.10.2022) vide Notification No. 19/2022 - CT dated 28.09.2022