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Ineligible ITC under section 16(4)

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11 Points Posted on 11 October 2023
if a taxpayer files the march 2019 return in March 2021, Is the ITC claimed ineligible under section 16(4)? will the ITC Offset amount needs to be reversed with interest?
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On 11 October 2023 at 12:09 Report
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Profession Business
28196 Points Posted on 14 October 2023
Ineligible ITC CLAIMED HAS TO BE REVERSED DEPENDING UPON THE TENURE OF SUBMISSION OF RETURN AND REVERSAL OF RETURN.
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On 14 October 2023 at 07:45
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M Com FCS LLB M-AIMA
14046 Points Posted on 14 October 2023

Yes it is time barred under section 16(4)

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On 14 October 2023 at 11:58

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