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Interest in case of excess credit

ITC / Input 117 views 1 replies
By mistake I have took credit of IGST for Rs. 1000 and I haven't utilised it yet so that it is showing under IGST credit. Now I'm reversing it. Am I liable to pay any interest as I haven't utilised it?
Replies (1)
yes 24% P.a. as per sec 50(3).


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