1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Manuals
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Reversing Input Tax Credit under Rule 44 and 44A: Process, Conditions, and Reporting Requirements Explained</h1> Under special circumstances, registered persons must reverse Input Tax Credit (ITC) through debits in electronic ledgers. These circumstances include switching to a composition scheme, wholly exempt supplies, registration cancellation, and non-payment by suppliers. Rule 44 outlines the reversal process for inputs and capital goods, requiring proportional calculations based on invoices. If invoices are unavailable, estimates based on market prices must be certified by accountants. Rule 44A addresses ITC reversal for gold dore bars. Reversed amounts become part of the output tax liability, reported in specific GST forms. An example illustrates ITC reversal calculations for a registered person in Gujarat.
TaxTMI 
TaxTMI 
