As the financial year ends, November 30, 2025, becomes an important date for all GST-registered businesses. Missing this GST input tax credit deadline means losing the chance to claim certain Input Tax Credits (ITC) forever, which can increase your tax burden and affect your business cash flow. It’s not just another filing date; it’s a reminder to act on time and secure your eligible tax benefits.
Important Deadline for Claiming ITC
Under GST, businesses can indeed claim Input Tax Credit (ITC) on the tax paid for goods or services used for business. The Input Tax Credit System helps companies to avoid paying tax twice on the same value. That means you can deduct the GST you have already paid on your purchases from the GST you collect on sales.
According to the GST Rules (Section 16(4)), you can claim ITC for a financial year only up to the earlier of these two dates:
- The submission date for filing GSTR-3B for November of the next financial year, or
- The date you file your annual return (GSTR-9).
So, for the financial year FY 2024–25, the last date to claim any pending ITC is November 30, 2025. If you miss this GST Input Tax credit deadline, you will permanently lose your GST credits.
Things to do before November 30, 2025
Specific actions that have to be taken by the businesses are listed below to ensure that no itc is lost.
- Remember to reconcile your data. You can do it by comparing the purchase register with GSTR-2B on the GST Portal. Thereby, you can identify missing and mismatched invoices.
- Ensure that GSTR-1 has been filed correctly by suppliers and that they have attached all invoices correctly.
- Try to review your past GSTR-3B returns and make sure that you are not repeating past filing mistakes. Remember to make the necessary amendments before November 30.
- Always review credit and debit notes to ensure they are correctly linked to invoices and reflected in your records.
- You also need to verify data before the annual return to make sure that the books, GSTR-2B, and GSTR-3B figures match before submitting the annual return.
If you are checking all these factors, you can avoid last-minute errors and ensure that all eligible credits are claimed in time.
Can you claim ITC credit post November 30, 2025?
You permanently lose the right to claim ITC for that financial year 2024-25 after November 30, 2025. This means that businesses will lose their chance to use that credit against their GST Liability. Therefore, Timely claiming is very crucial to avoid losing eligible credits. Additionally, if you are not doing your financial duties correctly, it will draw the attention of tax authorities, and there is a high chance of compliance notices.
So, don’t wait for the Last Week of November to claim your GST credits. As the Input Tax Credit claim deadline approaches, the GST portal often experiences heavy traffic, especially in the final days of November. So claim ITC Credits as early as possible to avoid unwanted obstacles.
