PARAMESWARA NARAYANAN (consultant) 05 March 2021
Suppose a dealer having excess ITC as on 31st March after adjusting his tax liability. Whether he can claim refund of this excess ITC OR he has to carry forward this excess ITC to next FY. Please clarify.
Amit Potadar (Consultant) 05 March 2021
If you are regular Tax payer you cant claim refund of Excess ITC, you have to carry forward that. If you are a SEZ registered person you can claim ITC subject to come conditions applicable.