GST – Started By: – Madhavan iyengar – Dated:- 8-1-2019 Last Replied Date:- 22-1-2019 – How does the credit reversal mechanism work in GST- If a person in business had some investment land which he sold will he have to reverse ITC since he has not taken any ITC which is related to land if business is on verge of closure and he has accumulated itc in this situation also should he reverse ITC as there may be a situation wherein as at march 18 a company had accumulated credit of ITC April to sept
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