ITC ADJUSTMENT

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Vamshi Krishna 28 November 2020

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

Ankit Dave (Student CA Final ) 28 November 2020

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

Mayank Gadiya 28 November 2020

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

JATINDER KUMAR (Accountant) 28 November 2020

Yes, you can

No restrictions

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