Menu
ineligible ITC utilised
what to do if ineligible ITC utilised and how much interest to be paid and for what amount (full ITC or utilised ITC)
Replies (4)
The availed ineligible ITC needs to be reversed with interest @ 24% p.a. from the utilisation date.
for which amount sir. utilised amount or whole amount including unutilized
Utilised amount
sir
if Inelgible IGST input utilised to pay CGST wrongly, then interst is to be paid under IGST or CGST. please clarify
if Inelgible IGST input utilised to pay CGST wrongly, then interst is to be paid under IGST or CGST. please clarify
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
