{"id":77205,"date":"2026-10-31T08:32:14","date_gmt":"2026-10-31T08:32:14","guid":{"rendered":""},"modified":"2026-10-31T08:32:14","modified_gmt":"2026-10-31T08:32:14","slug":"input-tax-credit-reversal-on-common-inputs-requires-verification-while-annual-return-discrepancies-require-examination-before-tax-determination","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=77205","title":{"rendered":"Input tax credit reversal on common inputs requires verification, while annual-return discrepancies require examination before tax determination."},"content":{"rendered":"<p>Input tax credit reversal on common inputs requires verification, while annual-return discrepancies require examination before tax determination.<br \/>Case-Laws<br \/>GST<br \/>Section 17(2) requires input tax credit reversal only to the extent credit on common goods or services supports both taxable and exempt supplies; no reversal arises for wholly exempt traded cattle feed where no credit was availed on its purchase. GSTR-9 may correct figures reported in periodic returns, but a difference between GSTR-1 and GSTR-9 attributed to clerical error requires verification. Credit availability, any reversal, and resulting tax liability require determination after examining records and the reconciliation explanation with an opportunity of hearing.<br \/> TMI Updates &#8211; Highlights, quick notes, marquee, annotation, news, alerts <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=105667\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Input tax credit reversal on common inputs requires verification, while annual-return discrepancies require examination before tax determination.Case-LawsGSTSection 17(2) requires input tax credit reversal only to the extent credit on common goods or s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77205","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/77205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77205"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/77205\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}