Reclaim of ITC earliear reversed under Rule 42 of GCST Act

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..... Reclaim of ITC earliear reversed under Rule 42 of GCST Act
Query (Issue) Started By: - Firm 007 Dated:- 20-3-2025 Last Reply Date:- 21-3-2025 Goods and Services Tax - GST
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GST
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..... Dear Members, I have a query related to Rule 42 of CGST Act, 2017 I transfer some amount of credit to permanent reversal under column 4B (1) of GSTR 3B due to the fact that input will used for exem .....

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..... pt supply now the fact has changed and those supply will be considered as taxable. Now i wanted to reclaim the reversed ITC. Am i eligible to reclaim it? If yes, What document i need to be have with .....

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..... me? Reply By Shilpi Jain: The Reply: You can re-claim it. Hopefully this is within the 16(4) time limit so that you do not have too much trouble from the department. You can defend in case of any d .....

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..... ispute stating that it is only a disclosure error and ensure after you re-claim the credit you make an intimation to the department as well explaining things.
Discussion Forum - Knowledge Sharing .....

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