In this regard, we submit that Section 16 of CGST Act, 2017 provides the eligibility and conditions for taking the input tax credit. Hence, we are not required to reverse the same.ģ. We have received the goods/ services and paid the supplier in full. At the outset, we would like to submit that the above referred notice directing us to reverse the ITC is not in accordance with law as the ITC availed by us is not irregular. We are in receipt of the above referred letter dated _ directing us to reverse the input tax credit availed for the month of March 2019 stating that such input tax credit is irregular under Section 16(4) of CGST Act, 2017 as the return for the month of March 2019 is not filed before the due date for filing of return for the month of September of succeeding financial year.Ģ. Sub: Reply to the notice received for reversal of Input Tax Credit
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