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GST ITC partial reversal

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Practicing
126 Points Posted on 10 June 2020
In those sections of GST, where partial ITC reversal is required, so here is it compulsory to first take the full ITC and then reverse the ineligible ITC, or we can just directly claim the ITC on net net basis?
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On 10 June 2020 at 19:52 Report
Replies (5)
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4215 Points Posted on 10 June 2020
Yes you may avail the ITC also reverse the ineligible
12 Reply
On 10 June 2020 at 20:07
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Student
1321 Points Posted on 10 June 2020
Follow the procedure mentioned in rules 42&43
6 Reply
On 10 June 2020 at 20:09
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Practicing
126 Points Posted on 10 June 2020
Which is preferable ?
1.To take thw full ITC and then reverse the ineligible ITC

or

2 Directly claim the ITC on net net basis (i.e after deducting ineligible ITC)
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On 10 June 2020 at 20:11
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Student
1321 Points Posted on 10 June 2020
Claim and reverse.
6 Reply
On 10 June 2020 at 20:14
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GST Practitioner
55067 Points Posted on 11 June 2020
Yes it's better to take full ITC then show Reversal.
301 Reply
On 11 June 2020 at 00:03


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