Any one please guide me, in 3B return eligible ITC is wrongly entered instead of input credit, Taxable purchase value entered.
ex: Taxable value is 15 lakhs, and input is 75000.
here we enter 15 lakhs instead of 75000 in eligible ITC.
so any one solve my problem.
If You will feed Rs. 75000 then Any Tax liabilities arises or not...?
If not Don't worry and reverse the excess value in Your next return...
If Yes pay the amount first and Reverse the excess value in next return.
CAclubindia
