CA Article Assistant
132 Points
Posted on 23 January 2020
| Originally posted by : RAJA P M |
 |
reversed means not claiming the ITC in any manner of the GST...
Purchase return tax not under these category of REVERSAL...
The purchase related ITC already availed / can be avail... So, It will be less only through ITC... |
 |
Reversal of ITC means the credit of inputs utilised earlier would now be added to the output tax liability, effectively nullifying the credit claimed earlier.
So, reversal cant be said, " means not claiming the ITC in any manner of the GST..." as per your point.