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ITC ADJUSTMENT
can someone adjust his ITC availed in 2020-21 against tax of 2019-20,the return was filed in 2020-21 itself
Replies (3)
Quick Summary
There is no restriction on adjusting ITC, you can adjust infinitely ITC, once it shown in your ITC ledger.
In the absence of any specific restriction, you can utilize the ITC for payment of output tax liability.
Yes, you can
No restrictions
No restrictions
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