*GSTN: Advisory w.r.t. availability of Input Tax Credit for FY 2020-21* The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated October 17, 2021 for taxpayers regarding the availability of Input Tax Credit (“ITC”) for Financial Year 2020-21. As per Section 16(4) of CGST Act, 2017, no taxpayer shall take input tax credit in respect records (invoices and debit notes) for supply of goods or services (or both) for Financial Year 2020-21 after the due date of furnishing the return for the month of September 2021. The due date for the GSTR-3B for September 2021 is either October 20, 2021 for monthly filers and October 22, 2021 or October 24, 2021 depending on the State/UT of registration of the taxpayer. In view of the same, the following may kindly be noted: i.) Records (invoice or debit notes) pertaining to Financial Year 2020-21 reported in GSTR-1 after due date of GSTR-3B of September 2021 will not reflect as “ITC Available” in GSTR-2B of the recipients. Such records wil...