If it is in the credit ledger of the portal then such ITC will not lapse ever. But if you didn't take ITC in portal while filing returns and the due date of September return of following financial year has passed then that ITC which you you had not taken will lapse. (The opportunity to take that ITC will lapse.)
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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CAclubindia
