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Input tax credit

ITC / Input 161 views 3 replies
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802 Points Posted on 04 June 2018
if we don't have any tax liability in this case we claim any wrong ITC so we have to pay interest for that claim....
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On 04 June 2018 at 20:35 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 04 June 2018
Yes... If You claimed it Availed any Wrong ITC then You will pay interest 24%...
463 Reply
On 04 June 2018 at 21:02
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GST Practitioner
55067 Points Posted on 04 June 2018
Yes... As per section 50 (3) CGST Act , interest Rate is 24%
301 Reply
On 04 June 2018 at 21:21
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24196 Points Posted on 04 June 2018
Yes claiming wrong ITC will leads to interest @ 24%
161 Reply
On 04 June 2018 at 23:59


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