Notice to reverse the ITC till March 2021

A GST notice has been issued requiring the reversal of Input Tax Credit (ITC) amounting to approximately 19 lakhs, covering the period from July 2017 to March 2021. The notice mandates immediate reversal and payment through DRC-03. This discussion highlights the significant tax amount involved and strongly advises seeking professional expert advice for reconciliation, replying to notices, and making the demand payment to avoid potential penalties.