Reversal of unutilized ITC can be paid through ITC
This query is : Resolved
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
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.
16 January 2025
Thanking you very much sir
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