Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Chargeability of Int on ITC


Mahesh Khare (Proprietor)     04 January 2020

Mahesh Khare
Proprietor 
 1 likes  33 points

| My Other Post

In case whole year if tax is not payable due to excess itc. and his no is cancelled after filing all the returns I have filed revocation of cancellation application. Now Authority said that you have to pay int on itc consumed also. I told him that if the balance of itc is with you in credit ledger and our purchase party had already paid tax on it why I will pay int on itc again. Please clarification on the said issue.

avater

Arjun Gupta (Chartered Accountant)     04 January 2020

Arjun Gupta
Chartered Accountant 
 6 likes  134 points

View Profile | My Other Post

Refer Section 50 alongwith Press Note released on 22-12-2018


Attached File : 886144 20200104123253 22181222 press release 31st gst council policy in principle.pdf downloaded: 14 times

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »