GST 105% ITC CALCULATION QUERY
Ajnas (Student) (844 Points)
22 February 2021Sir where to show reclaim of itc in gstr 3b under which coloumn? This reclaim itc is considered for 105% itc calculation?
Ajnas (Student) (844 Points)
22 February 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3293 Points)
Replied 22 February 2021
Any interest paid earlier on excess claim of ITC will be refunded by crediting the amount to the recipient's Electronic Cash Ledger. In case of duplication of ITC claim, no refund will be allowed as it is a contravention of the GST provisions.
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 23 February 2021
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