| # ITC Status Created The input tax line is created. Processed Indicates that the Provisional ITC Allowed check box is selected and the input tax line is processed. Reversed Indicates that the provisional credit is claimed and the supplier has not made the payment of tax to tax authority, and ITC is reversed. Completed Indicates that: The Provisional ITC Allowed check box is not selected and the input tax line is processed. The provisional credit is claimed and the supplier pays the tax ( Tax Paid by Supplier check box is selected). If the provisional ITC is reversed, and the supplier pays the tax, the tax can be recovered. |