I have mistakenly claimed itc of restaurant which come under 5% rate in november 3 B
so ,is there any solution now
8 Replies
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 19 December 2019
Reverse the same in next GSTR 3B return with interest...
Shivam RC
(Student)
(23683 Points)
Replied 19 December 2019
The Rate of Interest on ITC Reversal is 18%
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 19 December 2019
Rate of Interest @ 24% for excess claimed ITC...
Shivam RC
(Student)
(23683 Points)
Replied 19 December 2019
Yes it will be 24% since it is a case of undue claim of ITC. Interest @ 18% is levied if gst return not filed within the due date .
Thank You Raja Sir for rectifying me.
Thank You Raja Sir for rectifying me.
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 19 December 2019
@ Mr Shivam RC.,
You are most welcome dear...
You are going very good in CCI... Keep it Up Dear...
You are most welcome dear...
You are going very good in CCI... Keep it Up Dear...
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 20 December 2019
| Originally posted by : sanjana raheja | ||
 |
Thank you sir for helping me |  |
You are welcome
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