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GST ITC partial reversal
In those sections of GST, where partial ITC reversal is required, so here is it compulsory to first take the full ITC and then reverse the ineligible ITC, or we can just directly claim the ITC on net net basis?
Replies (5)
Yes you may avail the ITC also reverse the ineligible
Follow the procedure mentioned in rules 42&43
Which is preferable ?
1.To take thw full ITC and then reverse the ineligible ITC
or
2 Directly claim the ITC on net net basis (i.e after deducting ineligible ITC)
1.To take thw full ITC and then reverse the ineligible ITC
or
2 Directly claim the ITC on net net basis (i.e after deducting ineligible ITC)
Claim and reverse.
Yes it's better to take full ITC then show Reversal.
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