No ITC reversal applies to exempt supplies without claimed credit, and GSTR-9 permits clerical reconciliation corrections.
No ITC reversal applies to exempt supplies without claimed credit, and GSTR-9 permits clerical reconciliation corrections. Issue Whether ITC reversal under Section 17 read with Rule 42/43 is required when no ITC was claimed on exempt cattle feed purchases, and whether clerical discrepancies between GSTR-1 and GSTR-9 can be reconciled and corrected in annual returns.… Read More »