I have an invoice dated 31st may , 2018 for which i have already taken ITC in june return. And the same invoice was revised on 31st july in two parts . Please guide me how to show this invoice and in which return?
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Gst revised invoice
Replies (1)
Reverse the ITC taken in June and claim the ITC of revised invoice. If ITC is reduced then pay interest @ 24% p.a. on the differential portion.
For example ITC claimed in June Rs. 100/-. Now this ITC figure is revised to Rs 80/-. Then pay interest on Rs. 20/- @ 24% p.a.
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