GSTR 9 Reverse ITC

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252 Points Posted on 31 December 2020
GSTR-9 ME ZYADA ITC CLSIM KARNE PAR US ITC KO REVERSE KSRNE PAR KITNA INTEREST DENA HOGA 1YEAR KA
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On 31 December 2020 at 07:32 Report
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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.

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Tax consultant
552 Points Posted on 31 December 2020
24% PA
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On 31 December 2020 at 08:29
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Tax consultant
5895 Points Posted on 31 December 2020
24% you have to give
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On 31 December 2020 at 09:40

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