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ITC RECLAIMED

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74 Points Posted on 27 April 2021
whether excess reversal under rule 42 to of input tax credit of 2017-18 Under GST act, can be reclaimed in 3b for the financial year 20-21?
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On 27 April 2021 at 11:20 Report
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Chartered Accountant
24588 Points Posted on 27 April 2021
Yes ITC can be claimed
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On 27 April 2021 at 11:58
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BUSINESS DEVELOPMENT MANAGER
1697 Points Posted on 27 April 2021

Yes it can be reclaimed

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On 27 April 2021 at 12:28
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74 Points Posted on 27 April 2021
Can you provide the provision related to above question
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On 27 April 2021 at 13:13
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298 Points Posted on 27 April 2021
Rule 42 & 43 of cgst rule if we provision reverse made excess than final reverse then we can claim what we made provision excess than final before sep of next year but rule if made excess reverse we have re credit that to before sep month of next year relevant supply made
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On 27 April 2021 at 15:03
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GST Practitioner
55067 Points Posted on 28 April 2021
No.... the ITC cannot be reclaimed now .
It's clearly prescribed in proviso u der Section 16 (4) of CGST Act , can be claimed till September 2018 .
Note : As per RoD 2/2018 for Fy 2017-18 it's being extended to 31/3/2019
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On 28 April 2021 at 00:42


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