REGARDING ITC EXCESS PAID
This query is : Resolved
10 January 2024
Mr.A paid GST laibility of 300000 through ITC in F.Y.2022-23. However Mr.A amended such bills and made it zero in september-2023.
Can we get refund of such ITC of Rs.300000 ? If yes, within how much time can mr.A claim refund of Such ITC ?
If no, Can Mr.A can set off his laibility in next year F.Y.2023-24
Can we get refund of such ITC of Rs.300000 ? If yes, within how much time can mr.A claim refund of Such ITC ?
If no, Can Mr.A can set off his laibility in next year F.Y.2023-24
10 January 2024
No you cannot claim refund of ITC except in case of inverted duty structure and export.
Further, reverse the liability in next month GSTR 3B using credit note.
Further, reverse the liability in next month GSTR 3B using credit note.
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