Excess itc claimed in2017-18
Neha Verma 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)
Pankaj Rawat (GST Practitioner) 14 December 2019
Yes ...... as per section 50 interest is applicable.
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