Intimation for IGST ITC Reversal: Can Taxpayer Be Forced to Claim Credit for Reversal?

AdvertisementDelhi GST “Intimation” for IGST ITC Reversal: Can Department Compel a Taxpayer to Claim Credit Only to Reverse It? It distinguishes unavailed ITC from wrongly availed ITC and discusses Sections 16, 17 and 41, including Section 16(4)’s time limit for taking ITC. It discusses the 2022 changes to GSTR-3B Table 4, temporary and permanent reversals, and the Electronic Credit Reversal and Re-claimed Statement. │┌──────┴──────┐│ │NO YES│ │▼ ▼Nothing has Examine whetherbeen “availed” reversal is legallyto reverse requiredGSTR-2B is an important eligibility-control statement. Section 41 similarly provides entitlement to avail eligible ITC, as self-assessed, in the return.