Textile Industry ITC / lapse!!

190 views 1 replies
For textile industry accumulated ITC after July 2018 3b balance shall lapse!?? pls confirm.
For us inverted itc is from only 12% raw material. Also ITC from other raw materials 5%,
ITC from spares/capital goods 28%,18%,12%,5%
ITC from services on various rates.
So plse xplain does all the ITC balance in credit ledger gets lapse!! if so when does ITC lapse will occur, either we claim or not, will it apply r only if we claim inverted GST structure it applies.
please clarify..
Replies (1)
good clarification and information


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details