TaxTMI 
TaxTMI 
one of my client has reversed excess itc in filing DRC-03 on voluntary basis in 2021 for f.y.2019-20. Now can we avail that excess itc reversed ? Because GST act no where specifies time limit of availment of reversed itc voluntarily.
please guide .
ITC availlment
04 Jan 2022 
4 Replies 
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Input tax credit re availment may require departmental permission or error intimation to restore reversed credit
Where excess input tax credit was voluntarily reversed via DRC form, the taxpayer may seek restoration either by formally representing to the jurisdictional officer and obtaining permission to take back the credit, or by treating the reversal as an accounting error-intimating the department if the reversal was not disclosed in the annual GSTR 9 and re availing the credit; alternatively, apply for a refund as an excess payment to secure re credit of the input tax. (AI Summary)
Where excess input tax credit was voluntarily reversed via DRC form, the taxpayer may seek restoration either by formally representing to the jurisdictional officer and obtaining permission to take back the credit, or by treating the reversal as an accounting error-intimating the department if the reversal was not disclosed in the annual GSTR 9 and re availing the credit; alternatively, apply for a refund as an excess payment to secure re credit of the input tax. (AI Summary)