Gst reversal


This query is : Resolved 

Quick Summary
This discussion addresses whether a temporary reversal of Input Tax Credit (ITC) under GST can become permanent. The consensus is that leaving the temporary reversal as is will result in it becoming permanent. Further clarification on the exact portal procedure is sought.

20 May 2024 Can we permanently reverse the ITC that was temporarily reversed? if yes how to do it on portal?

21 May 2024 Leave it as it's it will become permanent reversal.

21 May 2024 Leave it as it's it will become permanent reversal.


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