https://www.taxtmi.com/forum/issue?id=120210 Reversal of Input Tax Credit (ITC) is required where ITC is claimed after the statutory cutoff in Section 16(4), which bars entitlement after the thirtieth day of November following the end of the relevant financial year or after furnishing the annual return, whichever is earlier. Late claims generally compel reversal and may attract interest, and courts have stressed strict adherence to the statutory timeline as ITC is a conditional concession. en-us Mon, 07 Jul 2025 11:24:59 +0530 Mon, 07 Jul 2025 13:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120210 Reversal of Input Tax Credit (ITC) is required where ITC is claimed after the statutory cutoff in Section 16(4), which bars entitlement after the thirtieth day of November following the end of the relevant financial year or after furnishing the annual return, whichever is earlier. Late claims generally compel reversal and may attract interest, and courts have stressed strict adherence to the statutory timeline as ITC is a conditional concession. Discussion-Forum GST Mon, 07 Jul 2025 11:24:59 +0530 https://www.taxtmi.com/forum/issue?id=120210