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excess input tax claimed in gst return

ITC / Input 330 views 9 replies
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13 Points Posted on 16 September 2018
Excess input tax claimed in gst return now I want to reverse excess input and what rate of interest is there and how to calculate that please explain me sir
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On 16 September 2018 at 08:20 Report
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128152 Points Posted on 16 September 2018
Rate of Interest @ 24%
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On 16 September 2018 at 08:41
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13 Points Posted on 16 September 2018
How to calculate that cgst and sgst
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On 16 September 2018 at 08:47
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128152 Points Posted on 16 September 2018
For ex;
If You are claimed Rs. 1000 on July-18 month return and You ll pay interest today then calculate as following way...

Interest @ 24% = 1000 * 24% / 365 * 27(No of delayed/Claimed days)
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On 16 September 2018 at 09:03
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24196 Points Posted on 16 September 2018
You should reverse the excess ITC claimed in Next GSTR3B return.
Also pay interest as told by Raja sir.
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On 16 September 2018 at 09:22
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13 Points Posted on 16 September 2018
Kk thank you sir
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On 16 September 2018 at 09:26
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128152 Points Posted on 16 September 2018
u r welcome.. .. ...
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On 16 September 2018 at 09:28
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24196 Points Posted on 16 September 2018
Good explanation sir
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On 16 September 2018 at 23:29
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128152 Points Posted on 17 September 2018
Thank You Mr Vinod Babu...
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On 17 September 2018 at 09:24
Guest
Interest rate 24%
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On 23 September 2018 at 11:24


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