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        Case ID :
        GST

        Re-opening of Reporting ITC Reversal Opening Balance

        September 17, 2024

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        Reopening of ITC reversal opening balance permits taxpayers to record cumulative reversed ITC in the electronic ledger before final lock. Taxpayers may report cumulative previously reversed but unclaimed Input Tax Credit as an opening balance in the Electronic Credit Reversal and Re claimed Statement on the GST portal within a final opportunity window; monthly and quarterly filers must limit reporting to reversals up to specified return periods. Once the ledger is hard locked, the system will prevent reclaiming ITC in excess of the recorded reversal balance.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Reopening of ITC reversal opening balance permits taxpayers to record cumulative reversed ITC in the electronic ledger before final lock.</h1> Taxpayers may report cumulative previously reversed but unclaimed Input Tax Credit as an opening balance in the Electronic Credit Reversal and Re claimed Statement on the GST portal within a final opportunity window; monthly and quarterly filers must limit reporting to reversals up to specified return periods. Once the ledger is hard locked, the system will prevent reclaiming ITC in excess of the recorded reversal balance.

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