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gstr9 itc to reverse
I took excess itc in September-17 then from October-17 I applied for composition scheme then how can treat that excess itc in gstr9 and if I reverse in gstr9 then also that itc remain in positive figure then should I need to pay back that reversed itc?
Replies (2)
Yes , have to pay ITC claimed with Interest
if there isn't any liability to pay as gst amount is still lower than itc after deducting reversed itc amount... there is still itc to c/f ...then also have to pay that reversed itc and interest amount?
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