Reconciliation of 2a and books itc
This query is : Resolved
07 November 2020
1.It is necessary to reconcile 2A and books itc monthly
2. if we take excess input than 2A on behalf of purchase bill , interest will be charged or not.
3. Annually itc in books is less than or matching with 2A But differs monthly .will interest charged considering monthly excess.
2. if we take excess input than 2A on behalf of purchase bill , interest will be charged or not.
3. Annually itc in books is less than or matching with 2A But differs monthly .will interest charged considering monthly excess.
08 November 2020
1 yes, it's necessary to avoid excess ITC.
2 Interest applicable only when it's utilised.
3 No interest payable in case not utilised.
2 Interest applicable only when it's utilised.
3 No interest payable in case not utilised.
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