Finance Ministry allows businesses to claim GST input credit benefit for FY'18 till Mar 2019

The Finance Ministry has allowed businesses to claim input tax credit benefit for the first financial year of Goods and Services Tax roll out, till March 2019, provided it matches with the return filed by their suppliers. The deadline for claiming input tax credit (ITC) ended on October 25, 2018. Tax experts said that ITC claims were allowed to businesses earlier provided businesses had generated…