Menu
excess itc claimed
we have claimed excess itc ...what to do. now please suggest ....how to do itc reversal
Replies (3)
You will have to add the excess ITC claimed to your output liability in the next return and pay interest @ 24% on such excess amount by cash.
You ll reverse the excess INPUT Claimed in GSTR 3B "4.Eligible ITC - (B) ITC reversed (2). Others.
if we did not utilised ITC still need to pay interest on it
Recent Topics :
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
Related Topics :
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
