Excess itc claimed in2017-18

Neha Verma   05 December 2019

Neha Verma

 7 points

| My Other Post

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

Pankaj Rawat
GST Practitioner 
 3068 likes  41021 points

View Profile | My Other Post

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »