Sir, due to some clerical mistake for the month of August 2018. We have claim excess ITC . now please advise can we reverse in current month,s return.
can we need to pay extra charge.
Naveen Kumar (629 Points)
28 July 2019
Sourav Kalra
(student)
(32 Points)
Replied 28 July 2019
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 28 July 2019
Shorya
(CA Article)
(105 Points)
Replied 28 July 2019
Reverse the ITC in the following month 3B, along with self assessed interest calculated @ 24% from the say 21st September (one day succeeding the due date of the tax period month) till say 20th August, 2019 (date of reversal).
CAclubindia
