CCI Online Learning
50% OFF in CA/CS/CMA Subjects
     
CIBIL

Upgrad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Excess ITC SURRENDER


ambadas swaroop (UN EMPLOYEE)     22 November 2020

ambadas swaroop
UN EMPLOYEE 
 1 likes  54 points

| My Other Post

I want to surrender excess itc for 2018-19. there is no out put tax for year 2018 19.how can I do it

avater

kiran (accounts manager)     22 November 2020

kiran
accounts manager 
 1 likes  55 points

View Profile | My Other Post

Pay in drc 03 challan with interest.

Razu bhai   22 November 2020

Razu bhai

 2 points

View Profile | My Other Post

Soggy collection customer care number O977III5964

avater

ambadas swaroop (UN EMPLOYEE)     22 November 2020

ambadas swaroop
UN EMPLOYEE 
 1 likes  54 points

View Profile | My Other Post

Itc was not utilized

avater

ayusmita (Tax consultant)     22 November 2020

ayusmita
Tax consultant 
 163 likes  2305 points

View Profile | My Other Post

You mean to refund or reverse of ITC????

avater

ambadas swaroop (UN EMPLOYEE)     22 November 2020

ambadas swaroop
UN EMPLOYEE 
 1 likes  54 points

View Profile | My Other Post

Reversal no out put

avater

kiran (accounts manager)     22 November 2020

kiran
accounts manager 
 1 likes  55 points

View Profile | My Other Post

If you are filing gatr 9,table 6 can be used,other wise no need, it wii lapse automatically.

avater

Pankaj Rawat (GST Practitioner)     22 November 2020

Pankaj Rawat
GST Practitioner 
 3595 likes  48723 points

View Profile | My Other Post

You can utilise your ITC only when you have any Output tax liability.

avater

ayusmita (Tax consultant)     22 November 2020

ayusmita
Tax consultant 
 163 likes  2305 points

View Profile | My Other Post

Ok but you are not coming under any category of reverse ITC

And I still don't understand why you want to surrender your itc just because you don't have any out put liability

avater

Vijayprakash P   22 November 2020

Vijayprakash P

 67 likes  1149 points

View Profile | My Other Post

The GST law permits the refund of unutilised ITC in two scenarios, namely if such credit accumulation is on account of zero rated suppliers or on account of inverted duty structure subject to certain exceptions.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv


Trending Tags
GST Live Class    |    x