The declaration form in ITC – 01 is required to be filed in the following cases:
It should be noted that ITC cannot be claimed if the person fails to file Form ITC – 01.
Case | Cut-off date | No of times ITC can be claimed by filing ITC 01 |
When the application for GST registration is made within 30 days of becoming liable to pay tax [Section 18(1)(a)] | Date immediately preceding the date when he becomes liable to pay tax. | Once |
When any person who opts for voluntary registration [Section 18(1)(b)] | Date immediately preceding grant of registration | Once |
When any person opts out of the composition scheme but continues to be registered and pay tax as a regular taxpayer [Section 18(1)(c)] | Date immediately preceding day when he opts to pay tax under regular mode. | Once in a year |
When an exempt supply of goods/services becomes taxable supply [Section 18(1)(d)] | Date immediately preceding the date when the supply becomes a taxable supply | Once in month |
Note: For claims made under Sec. 18(1)(d), a date on which goods become taxable must also be entered. Click on the ‘Add’ button to continue adding more invoices or Click on the ‘Save button’ to proceed to submit.
Note that no modification is allowed after status turns submitted or you click on Proceed.
Step-5: Upload the CA certificate, if applicable. For claims of more than INR 2 lakhs, the details of Chartered Accountant or Cost Accountant need to be updated along with the certificate. The following details must be entered: