Is interest on interest is charged on wrongly claimed ITC reversed in next financial year?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 02 April 2021
You can reverse the ITC
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 04 April 2021
Interest not charged on interest.
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