banner_ad

Excess ITC availed than limit under rule 36(4)

ITC / Input 745 views 5 replies
we took credit related to previous month or combination of 2 or 3 months which will have crores of amount. Due to this additional credit the ITC taken was exceeded the credit limit under rule 36(4).Hence govt has sent a mail regarding intimation to reverse additional credit by filing DRC-03 along with interest. how to reply to the department regarding this issue?
Replies (5)
Currently the mail doesn't contain DIN so need not worry
For our case the same,how to rectify the same to whom we should reply
This a kind of advisory need not to reverse wait for any action by department.
Ms. Roshni currently DIN is mandatory for central jurisdiction not for state Jurisdiction.

First of all check, whether any reference to recovery proceedings is there or not.

Further, the response can be furnished challenging the validity of Rule 36(4).


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details