banner_ad

Gst input credit reversal

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 September 2018 Dear sir,

We have wrongly taken input credit month of Dec'2017, after all clarifications this month we have decided to reversal the input so how much rate of interest and which date i have to take to calculate the interest i.e Supplier invoice date or GST filled date.
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
11 September 2018 Rate of Interest @ 24%

Calculate from the date of availed the Input (Based on the Moth)
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 September 2018 Thank You sir, Based on the month means can u explain with example.
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
11 September 2018 If You are wrongly availed on Dec-17. The return date is 20/01/2018 then You will calculate from 21/01/2018 to Till date or next return which you are reversed...

Also note if any liability on Dec-17 then pay with Interest...
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 September 2018 okay, thank you sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details