GSTR 9 Reverse ITC

GSTR-9 ME ZYADA ITC CLSIM KARNE PAR US ITC KO REVERSE KSRNE PAR KITNA INTEREST DENA HOGA 1YEAR KA
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Quick Summary
This discussion clarifies the interest payable when excess Input Tax Credit (ITC) is claimed in GSTR 9. It highlights that a 24% per annum interest rate applies to the reversed ITC. This information is crucial for businesses to ensure accurate GSTR 9 filings and avoid potential penalties.

24% PA
24% you have to give

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