https://www.taxtmi.com/forum/issue?id=116694 Whether the statutory time limit for claiming input tax credit bars recrediting ITC previously taken and reversed is contested. Pre-GST Cenvat decisions and a CBIC clarification are relied on to permit recredit where credit was earlier available, on grounds that initial time limits govern fresh claims but do not prevent restoration of previously held credit. The distinction between reversals under departmental direction and voluntary reversals remains practically significant. en-us Sat, 05 Sep 2020 11:58:52 +0530 Thu, 23 Jan 2025 15:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116694 Whether the statutory time limit for claiming input tax credit bars recrediting ITC previously taken and reversed is contested. Pre-GST Cenvat decisions and a CBIC clarification are relied on to permit recredit where credit was earlier available, on grounds that initial time limits govern fresh claims but do not prevent restoration of previously held credit. The distinction between reversals under departmental direction and voluntary reversals remains practically significant. Discussion-Forum GST Sat, 05 Sep 2020 11:58:52 +0530 https://www.taxtmi.com/forum/issue?id=116694