one by mistake reverse itc in 17-18 and file annual return with same . now can he reclaim same itc for 18-19 as he found the itc he reversed wrongly and wants to utilize same itc by reclaiming now.
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Reversed itc last year can reclaim same itc current year
Replies (4)
If ITC was reversed as per proviso to section 16(2), then, ITC can be claimed. The time limit of section 16(4) will not be applicable in this case.
No.... you cannot .
you can reclaimed ITC of Fy 2017-18 only , when it is being Reversed due to Non payment of Supplier & now you have paid the same .
you can reclaimed ITC of Fy 2017-18 only , when it is being Reversed due to Non payment of Supplier & now you have paid the same .
It is not possible to avail the same
Thanks to all for replying
GST-ITC claim/reclaim is always a major issue and related person has to face
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