Excess ITC taken but not utilize qtr filler
I have taken excess itc due to wrongly typing on mar 21for qty filer Now I m filling on June the with reverse itc so intrest will be applicable?
Replies (2)
Quick Summary
Yes 18% interest is applicable
No interest will be payable if you have not utilise such ITC. If you are paying through Cash Ledger then only interest applicable.
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