Dear Experts
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.
Regards
P Narayanan
Dear Experts
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.
Regards
P Narayanan
Hi Narayan,
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.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
Karia Overseas
Ahmedabad
CA
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
CAclubindia
