Any option to set off credit availed but not utilised With Drc 03
jaison (article) (39 Points)
04 January 2021
Any option to set off credit availed but not utilised With Drc 03
3 Replies
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 05 January 2021
You can utilize ITC availed for reversal of ITC using DRC-03.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 05 January 2021
You cannot take a setoff /utilize the same for payment of output liablity
Recent Topics
- 18 months TDS
- Fresh GST rejected
- 194 H of Income tax Deduction amount
- Is CorgiAI a smart investment? Thoughts on its pot
- HUF RELATED QUERRY
- Stamp duty on affidavit for Share certificate dupl
- GST REFUND ON EXPORT WITH INR RECEIPT
- ERROR ITD-EXEC2002
- Applicability of new Section 149 to BML 2015
- DOUBT ON CAPITAL GAINS_DONATION
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
