Excess itc claimed in2017-18


Neha Verma   05 December 2019

Neha Verma

 7 points

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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)

avater

Pankaj Rawat (GST Practitioner)     14 December 2019

Pankaj Rawat
GST Practitioner 
 3068 likes  41021 points

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Yes ...... as per section 50 interest is applicable.


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