Poonawalla fincorps
Poonawalla fincorps

Itc

This query is : Resolved 
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(Querist)
12 March 2014 can excess ITC for the current yr. after adjusting the output liability be carried forward for the next yr. ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 March 2014 Yes the excess Input Tax Credit can be carried forward and utilized in the subsequent year/s.

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