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Unused ITC Refund at year end

PARAMESWARA NARAYANAN (consultant)     05 March 2021

 2 likes  54 points

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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.




P Narayanan


Amit Potadar

Amit Potadar (Consultant)     05 March 2021

Amit Potadar
 7 likes  130 points

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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.


Nidhi (Chief Accountant)     06 March 2021

Chief Accountant 
 36 likes  557 points

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He has to carry forward that ITC, no refund available.

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