Menu
How can ITC be lapsed?
Can the ITC which has been in my credit ledger be lapsed after September of the next financial year? If not, how can an ITC be lapsed?
Replies (4)
Quick Summary
Check your inbox
Which inbox is it? I can not find inbox in this app. Please help.
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.)
Thank you so much CA Altamush Zafar. That answer cleared my doubt.
Recent Topics :
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
Related Topics :
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
