16 March 2018
sir, i have filed my GSTR3-B for the month of JANUARY, but after filing i have observed that in box 4(ELIGIBLE ITC) I have entered in a row "ALL OTHER ITC" value of Rs 54393.05 but the correct value is Rs 30,326.89 the different amount of 24,066.16 is reflected how to correct it?
pleas let me know the solution is there any penalty leavied for such over consumption for this? does it attracts any scrutiny?
17 March 2018
Taxable person who makes an undue or excess claim of input tax credit under sub-section (10) of section 42 or undue or excess reduction in output tax liability under sub-section (10) of section 43, shall pay interest on such undue or excess claim or on such undue or excess reduction shall be liable to pay 24% interest.
CAclubindia
