Reclaim of itc

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8 Points Posted on 27 February 2021
We have paid extra duty through itc credit in 19-20.Is there any way to claim that amount.
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On 27 February 2021 at 18:59 Report
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Quick Summary
This discussion addresses how to reclaim Input Tax Credit (ITC) that was paid as extra duty in the 2019-20 financial year. The suggested method for reclaiming this amount is to reverse the transaction by issuing a credit note to the party involved. This approach allows for the recovery of the duty paid.

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Chartered Accountant
494 Points Posted on 28 February 2021
You can take credit back by reversing it through credit note to the party!
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On 28 February 2021 at 07:12
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Chartered Accountant
24588 Points Posted on 28 February 2021
Agree with akshay
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On 28 February 2021 at 09:15

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