Excess input credit taken on july 2018 in gstr 3b
This query is : Resolved
26 July 2018
We have taken excess IGST credit for the month July 2017 and reverse the same on June 2018 . We have not utilised the IGST excess credit till date. Should we pay interest on the excess credit taken not utilised?
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CA PRAVEEN
(Expert)
28 July 2018
As per your question you have accrue excess ITC but not utilized from out put liability, after that u reverse excess ITC accrue.
For no that no interest or penalty will be charged.
For no that no interest or penalty will be charged.
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