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Gst3b returns
I have file my october 2018 to march 2019 3B after 21st october 2019 and have claimed eligible itc of the said month But i got notice that the itc i claimed is eneligible and i have to reverse it and pay the interest tooWhat should i do the amount of itc is 18 lakhsPlz help
Replies (3)
Yes the department is correct as the last date to clain ITC for the FY 2018-19 was 20.10.2019
The Reversed ITC cannot be claimed back as the time period for availment of ITC was lapsed. That would become cost to the entity.
I have claimed it now i have to reverse and pay interest
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