Share on Facebook
Share on Twitter
Share on LinkedIn
Share on Email
05 December 2019
i have claimed excess itc in 2017-18 by purchase bill entered twice wrongly. but not utilized it for any output tax liability. now i reversed it through dec03 in november 2019 is interest applicable on it (excess itc)
14 December 2019
Yes ...... as per section 50 interest is applicable.
Your are not logged in . Please login to post replies
Click here to Login / Register
More | Post
view more »
Stay updated with latest Discussion!
Online Excel Course
GST Annual Return
Member Strength 31,54,740 and growing..
India's largest network for finance professionals
Alternatively, you can log in using: