purchased goods vehicle for business ,and claimed ITC
and after 1 year vehicle sold, then can i reverse entire ITC claimed??
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Sold vehicle itc
Replies (2)
Yes you should reverse the ITC. ITC pertaining to remaining useful life of the asset should be reversed.
CAN I REVERSE it through DRC-03
OR GSTR1 ( Actual sale entry of vehicle)
wich one is correct??
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