Interest is calculated for the period July 2017 To March 2018, between the period some times closing balance of electronic credit ledger was nil.
My client has taken excess ITC of ₹.180218 for the month of September 2017 but closing balance for the same month of electronic credit ledger was ₹.79624 , can i take a stand that excess ITC taken & utilized is ₹.100594 (₹.180218- ₹.79624) and interest is to be charged on ₹.100594 only.
Officer has calculated interest on ₹.180218.
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