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Utilise excess ITc for job work

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150 Points Posted on 14 February 2024
hi , my query is one taxpayer is dealing in goods inputs at18% and output at 12%. meanwhile he is also engaged in job work for different commodity and using excess ITC for job work liability,is this corrects, plz provide information, thanking you
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On 14 February 2024 at 20:51 Report
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Chartered Accountant
86505 Points Posted on 14 February 2024
Yes you can claim the excess ITC for job work.
814 Reply
On 14 February 2024 at 22:34
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463 Points Posted on 15 February 2024

1) How long ITC has been unutilised?

2) is it current year ITC or previous year? 

Please let us know the nature of the business. We can give you precise advice.

Generally, you can adjust your excess ITC against your payable.

Thanks 🙏

2 Reply
On 15 February 2024 at 00:49
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Profession Business
28207 Points Posted on 15 February 2024
Utilize excess itc for job work
44 Reply
On 15 February 2024 at 09:52


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