Reversal of unutilized ITC can be paid through ITC

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Srimannarayana (Querist)
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15 January 2025 Sir I have reversed unutilized ITC in ITC tail 4(B)(1) for previous period, can I pay the reversal amount through credit ledger and is there need to pay any interest sir

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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16 January 2025 If you have already declared reversal through 3B, it can be paid through credit ledger through 3B itself if there is sufficient balance and interest will come only if that much balance is not maintained in e credit ledger. that is if balance in e credit ledger falls below the amount to be reversed at any time it wll be taken as utilized.

Srimannarayana

Srimannarayana (Querist)
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16 January 2025 Thanking you very much sir

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