https://www.taxtmi.com/forum/issue?id=120471 The option to use the fixed-percentage ITC reversal under Section 17(4) is contested: one view treats it as a prospective election requiring consistent application from the start of the financial year, precluding retrospective adoption and requiring proportionate reversal under Section 17(2) for past periods; an alternative view asserts no requirement to intimate the choice and that the fixed-percentage option may still be elected for earlier periods relying on analogies from prior indirect tax decisions. en-us Thu, 18 Sep 2025 23:08:46 +0530 Sat, 20 Sep 2025 19:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120471 The option to use the fixed-percentage ITC reversal under Section 17(4) is contested: one view treats it as a prospective election requiring consistent application from the start of the financial year, precluding retrospective adoption and requiring proportionate reversal under Section 17(2) for past periods; an alternative view asserts no requirement to intimate the choice and that the fixed-percentage option may still be elected for earlier periods relying on analogies from prior indirect tax decisions. Discussion-Forum GST Thu, 18 Sep 2025 23:08:46 +0530 https://www.taxtmi.com/forum/issue?id=120471