Menu
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
Recent Topics :
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
Related Topics :
CAclubindia
