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REVERSAL OF ITC FY 2023-24
If excess ITC claimed in F.Y 2023-24 then what is the last date to reverse this ITC?
Replies (3)
As per GST laws in India, if excess Input Tax Credit (ITC) is claimed in FY 2023-24, the last date to reverse this ITC would be:
September 30, 2024, or
Filing of Annual Return (GSTR-9) for FY 2023-24, whichever is earlier.
But 30 September 2024 changed to 30 November 2024
Yes, correct. This deadline is crucial for compliance with the GSTR-3B return filing for October 2023, which is due on November 20, 2023.
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