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ITC ADJUSTMENT


Vamshi Krishna   28 November 2020

Vamshi Krishna

 1 likes  34 points

| My Other Post

can someone adjust his ITC availed in 2020-21 against tax of 2019-20,the return was filed in 2020-21 itself

Ankit Dave

Ankit Dave (Student CA Final )     28 November 2020

Ankit Dave
Student CA Final  
 1 likes  40 points

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There is no restriction on adjusting ITC, you can adjust infinitely ITC, once it shown in your ITC ledger.

Mayank Gadiya

Mayank Gadiya   28 November 2020

Mayank Gadiya

 35 likes  515 points

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In the absence of any specific restriction, you can utilize the ITC for payment of output tax liability.

JATINDER KUMAR

JATINDER KUMAR (Accountant)     28 November 2020

JATINDER KUMAR
Accountant 
 262 likes  3642 points

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Yes, you can

No restrictions


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