Verification of High Utilization of ITC for payment of duty

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Praveen Pandit (Querist)
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13 December 2021 It is to intimate that data has been received in this office from higher formation regarding high utilization of Input Tax Credit by you for payment of GST duty during the Financial Year 2018-19 & 2019-20 which is to the extent of 100% of total duty payment.

It is therefore requested to explain the reasons of such high availment of ITC -

how to reply to department please guide sir

Lekhraj sood

Lekhraj sood (Expert)
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13 December 2021 You should write a reply by giving justification and reasons for higher utilistion of ITC.May be your input rate is lower than output rate, or you have high transferred balance of ITC etc.

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Verification of High Utilization of ITC for payment of duty

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