Delay receive inpute Interest applicable or not

March 2017 ITC receive annual return GSTR 9 2017-18 and also ITC claim annual return .Now question arrige Interest
applicable or not ?
Replies (4)
Quick Summary
This discussion concerns the applicability of interest on Input Tax Credit (ITC) claimed in the GSTR-9 annual return for the 2017-18 financial year. The user mistakenly claimed and utilised ITC for March 2018 in their annual return, leading to a query from a state officer regarding interest liability. Advice suggests reconciling ITC claims for both 2017-18 and the present period with the GST officer, as ITC was claimable based on invoices during that time.

Hi Sen,
Please elaborate your query.
Thanks
Bhavana
Chartered Accountant
Mistrackly March 2018 month some ITC not receive .But annual return Gstr 9 I claim this ITC and utilized this ITC annual return.State officer say interest payable ? please give me solvation.
Make a reconciliation both 2017-18 and present before the gst officer

In 2017 18 we can take itc on the bases of invoice

Regards
Amit Rathore
www.rathoretaxconusltant.com
Please ans Bhavana Madam

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