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Excess itc claimed in2017-18

Neha Verma   05 December 2019

Neha Verma

 1 likes  12 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 
 3467 likes  46982 points

View Profile | My Other Post

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

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