ITC REVERASAL
This query is : Open
30 November 2019
Dear sir in July 2017 I claim input on the basic of invoice but vendor enter my invoice in b2c and therefore I take reverse in October 2018
I want know I will come in section 50 or not
Bcuz I take input on the behalf of invoice and make payment by rtgs
I want know I will come in section 50 or not
Bcuz I take input on the behalf of invoice and make payment by rtgs
02 December 2019
You should not have reversed the credit as it was not your fault because you had already paid the tax to vendor and you had the original invoice.
You can claim back the reversed ITC.
You can claim back the reversed ITC.
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