Ineligible ITC reverse - Reg.
This query is : Resolved
30 December 2024
Dear Sir, I have reversed ineligible ITC (which is not claimed/utilized) for the Fy.2023-24. GST dept. asked us to reverse the ineligible ITC and the same is reversed in the month of November'24 GSTR-3B. Do we have to pay Interest on this.
01 January 2025
Interest not payable on reversal of unutilised ITC.
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