IN F. Y. 2017-18, IN ONE OF DEALER'S CASE, THERE IS HUGE DIFFERENCE IN ITC CLAIMED IN GSTR3B AND ITC SHOWN BY SUPPLIER IN GSTR2A. WHAT ARE THE CONSEQUENSES OF SUCH DIFFERENCE ? WHAT ACTION DEALER HAS TO TAKE NOW IN F.Y.2019-20 AS WINDOW OF F.Y.2017-18 IS AIFEADY CLOSED. PLEASE DO THE NEEDFUL IN MATTER
Menu
Gst querry
Replies (1)
in next gst return he can modify by uploading bill of the value which is short provided to him by his seller at the time of supply and claim ITC if he is valid . dealer will have to do nothing if he has uploaded particular of invoice properly.
if excess is wrongly claimed by the dealer he will be liable to reverse ITC and pay interest @ 24%.
if excess is wrongly claimed by the dealer he will be liable to reverse ITC and pay interest @ 24%.
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
