TaxTMI 
TaxTMI 
Reclaim of ITC earliear reversed under Rule 42 of GCST Act
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....eclaim of ITC earliear reversed under Rule 42 of GCST Act<br> Query (Issue) Started By: - Firm 007 Dated:- 20-3-2025 Last Reply Date:- 21-3-2025 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>D....
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....ear Members, I have a query related to Rule 42 of CGST Act, 2017 I transfer some amount of credit to permanent reversal under column 4B (1) of GSTR 3B due to the fact that input will used for exemp....
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....t supply now the fact has changed and those supply will be considered as taxable. Now i wanted to reclaim the reversed ITC. Am i eligible to reclaim it? If yes, What document i need to be have with m....
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....e? Reply By Shilpi Jain: The Reply: You can re-claim it. Hopefully this is within the 16(4) time limit so that you do not have too much trouble from the department. You can defend in case of any di....
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....spute stating that it is only a disclosure error and ensure after you re-claim the credit you make an intimation to the department as well explaining things.<br> Discussion Forum - Knowledge Sharing ....
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