https://www.taxtmi.com/caselaws?id=797404 Documented DRC-03 reversals, supported by electronic cash and credit ledger debits, reconciliation statements and DRC-04 acknowledgement, establish reversal of disputed excess input tax credit. A blank optional reasons field in DRC-03 does not invalidate the reversal. Section 16(5) removes the time-limit objection under Section 16(4) for the specified financial years. Interest and penalty on any residual demand require separate computation after hearing, and liability arising from relevant Section 73 demands may qualify for waiver under Section 128A subject to prescribed compliance. en-us Tue, 18 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797404 Documented DRC-03 reversals, supported by electronic cash and credit ledger debits, reconciliation statements and DRC-04 acknowledgement, establish reversal of disputed excess input tax credit. A blank optional reasons field in DRC-03 does not invalidate the reversal. Section 16(5) removes the time-limit objection under Section 16(4) for the specified financial years. Interest and penalty on any residual demand require separate computation after hearing, and liability arising from relevant Section 73 demands may qualify for waiver under Section 128A subject to prescribed compliance. Case-Laws GST Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797404