I want to know.can I take a part of ITC of total ITC.exp: I have total ITC 400 in a invoice .can I take 200 as a ITC.
Replies (7)
Quick Summary
This discussion explores whether a taxpayer can claim only a portion of the total Input Tax Credit (ITC) available on a GST invoice. While it's generally always beneficial to claim full eligible ITC, the user inquired about claiming half of the ITC from a specific invoice due to a mistake in its initial booking. The consensus is that while you can technically choose to utilise only a part of the eligible ITC, it's usually illogical to do so unless there's a specific reason or error.