Menu
Excess ITC SURRENDER
I want to surrender excess itc for 2018-19. there is no out put tax for year 2018 19.how can I do it
Replies (8)
Quick Summary
Pay in drc 03 challan with interest.
Itc was not utilized
You mean to refund or reverse of ITC????
Reversal no out put
If you are filing gatr 9,table 6 can be used,other wise no need, it wii lapse automatically.
You can utilise your ITC only when you have any Output tax liability.
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
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.
Recent Topics :
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
Related Topics :
CAclubindia
