19 May 2026
What happens if ITC on capital goods liable for reversal is not reversed and the ITC continues to be utilised for 5 years, and the remaining ITC is reversed only after completion of the 5-year period?
Further, If ITC on capital goods liable for reversal is reversed only to the extent available in the electronic credit ledger/portal, whether the remaining ITC can be reversed later upon availment/utilisation during the 5-year period applicable to capital goods?