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Rajat Hossain (1 Points)

29 January 2024

Wrong ITC Availment Fy-18-19
It is adjusted With ITC , is this possible?

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4 Replies

Sharath chandra (Accountant) (1215 Points)
Replied 29 January 2024

Need more details. can't adjust it with current itc

RAJA P M ("Do the Right Thing...!!!") (127346 Points)
Replied 30 January 2024

No... It's not possible.

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 30 January 2024

In DRC-03 its possible. However if during the period of availment till reversal if such excess ITC was utilised then interest is payable on such ITC from the date of utilisation to the date of reversal.

Pandu Srimanthula (33 Points)
Replied 31 January 2024

File Drc-03, SCN DRC-O1 Notice will come in futur,

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