 "GST, goods and services tax")
The Finance Ministry on Thursday allayed fears among businesses about reconciliation of returns and said the deadline to avail input tax credit (ITC) for last financial year (FY18) will remain October 20.
Businesses had expressed concern about the October 20 deadline for availing ITC for July 2017-March 2018 period, saying their returns cannot be reconciled with the returns filed by vendors. Such a concern arose after the last date for filing final sales return GSTR-1 has been set as October 31.
The ministry said since the ITC is being availed on the basis of summary sales return or GSTR-3B filed, hence the
