Hello Sir/Madam
Year 2019-2020 Comparison Table shiws EXCESS claim of ITC..
How to solve this.. Please guide..
Your guidance may help me out of this..
GSTR9 has not been filed till today, as the aggregate turnover is less than 1.5 crores..
3 Replies
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 14 February 2021
If you have taken ITC as per the provision of section 16 then no need to reverse itc
Bhaumik pandya
(224 Points)
Replied 15 February 2021
Also prepare 2A Vs account data this may help you either go for revesal or not.. if bill not showing in 2A make sure that you have Invoices for the same
Thanks,
Thanks,
anil jain
(Partner)
(1072 Points)
Replied 16 February 2021
reverse the excess claimed itc with interest as soon as possible to avoid further interest.
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