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Home Acts & Rules GST Draft-Bills-Reports FAQ on GST dated 21.9.2016 based on Draft Model GST Chapters List Chapter 12 Returns Process and matching of Input Tax Credit This

Question 13 - Whether the ITC denied can be restored? - FAQ on GST dated 21.9.2016 based on Draft Model GST

FAQ on GST dated 21.9.2016 based on Draft Model GST
Chapter 12
Returns Process and matching of Input Tax Credit
  • Contents

Q 13. Whether the ITC denied can be restored? 

Ans. If the supplier uploads the invoice at any time after the reversal but by September of the next financial year, the credit reversed earlier gets restored along with refund of the interest paid during reversal.

 
 
 
 

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