REGARDING ITC EXCESS PAID

This query is : Resolved

suresh s. tejwani (Querist)
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10 January 2024 Mr.A paid GST laibility of 300000 through ITC in F.Y.2022-23. However Mr.A amended such bills and made it zero in september-2023.
Can we get refund of such ITC of Rs.300000 ? If yes, within how much time can mr.A claim refund of Such ITC ?

If no, Can Mr.A can set off his laibility in next year F.Y.2023-24

CA Puja Sharma

CA Puja Sharma (Expert)
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10 January 2024 No you cannot claim refund of ITC except in case of inverted duty structure and export.

Further, reverse the liability in next month GSTR 3B using credit note.