Igst reverse
This query is : Resolved
20 December 2020
By mistake we took IGST ( Input credit ) 98900.00 excess for the month of October,20 in GSTR 3B return, now this November,20 GSTR3B return we want to REVERSE BACK above IGST (input credit).Please suggest us how many interesting will be payable against this ,any others charge i.e.any panelty also will be payable against this
20 December 2020
You can reverse the ITC in Nov.Interest payable @ 18% per annum if you utilise the excess credit.
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