I have taken GST input credit in Nov'18 , in Mar'19 i have recognized i can't take GST credit of HSN coed 9954 due to works contract , now i need to reverse this credit. Now my Nov GST liability is increase due to reversal on input credit now, need to pay penalty , pls help .
Gst itc penalty for reversal
Replies (1)
If You are wrongly availed ITC then reverse the same with 24% interset...
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
