Non availment of ITC within time limit sec 16(4) of cgst act

This discussion addresses the issue of Input Tax Credit (ITC) non-availment within the time limit prescribed by Section 16(4) of the CGST Act. A user filed their March 2019 return late and received a notice for ITC reversal, despite paying late fees. The advice suggests that if ITC was claimed correctly, reversal might not be necessary, but the expired time limit is a significant hurdle. The consensus leans towards reversing the ITC with interest for the affected period, unless the tax officer is satisfied otherwise.