When ITC liable to be reversed in GST

Last updated: 11 October 2023
Quick Summary
This document explains the circumstances under which businesses must reverse Input Tax Credit (ITC) claimed under the Goods and Services Tax (GST) regime. It covers situations like non-payment by suppliers, incorrect claims, and usage of goods/services for non-business purposes. Key rules and sections of the GST law are referenced, making it a crucial resource for taxpayers to ensure compliance and avoid penalties.

File details
XLSX 16 KB 0 downloads GST
File description
When ITC liable to be reversed in GST #xlsx
Download XLSX 16 KB Like
Submitted by · Posted 11 October 2023 · Other files by ca harshil sheth · Report
Comments

Recent Files in GST

View more →
PDF

FAQs on Voluntary Closure of e-Way Bill: Business Scenarios, API Impact and Portal Behaviour

03 July 2026 Download
PDF

FAQs on Bill-to/Ship-to Transactions, Export Scenarios and API Impact

03 July 2026 Download
PDF

GSTN: Enhancements in the e-Way Bill (EWB) Portal

22 May 2026 Download
PDF

ICAI issues GST Act(s) and Rule(s) Bare Law - April 2026 Edition

20 May 2026 Download
PDF

Handbook on GST Department Audit

16 January 2026 Download
PDF

Handbook on IMS under GST

16 January 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Murugan Murugan Pro Member nileshnileshPro Member Suvigya TiwariSuvigya TiwariPro Member Sreerama ReddySreerama ReddyPro Member sathiyaramsathiyaram
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI Second Amendment Directions, 2026
  2. Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks
  3. MTP Series I & II for CA Final Nov 2026 Exams
  4. CBDT Releases Crypto-Asset Reporting FAQs under IT Act 2025
  5. Guidance Note on Tax Audit u/s 44AB of the IT Act, 1961 - Revised 2026 Edition
  6. Taxation And Other Laws (Amendment) Bill, 2026
  7. Armed Forces Allowances Exemption Guide 2026
  8. FAQs: Taxation and Other Laws (Amendment) Bill, 2026
  9. ICAI | 77th Annual Report and Accounts for FY 2025-26