If we get ITC from any company for the said year 2018-2019. and the company filed GSTR3B and GSTR1 in proper way and proper time. but the same company's registration cancelled in the year 2022-23.
Did we get ITC.
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ITC is legal.
Replies (3)
Yes you will get ITC subject to section 16(4)
Wr
please note itc accumulated if any can be set off in succeeding years.
please note itc accumulated if any can be set off in succeeding years.
If you have availed ITC in compliance to requirements of section 16 in fy 18-19, there should not be any impact of cancellation of supplier's GSTIN in fy 22-23 on your ITC.
Regards
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