Time limit under GST to claim input tax credit constitutionally valid: HC

The Patna High Court has upheld the constitutional validity of a provision that imposes a time limit for availing input tax credit (ITC) under the Goods and Services Tax (GST) laws.  Section 16(4) of the Central GST Act and the Bihar GST Act stipulate that ITC will be denied after November 30 following the end of a financial year to which the relevant invoices or debit note pertain or after f…