INTEREST ON ITC

GANGADHARA RAO (PROPRIETOR) (169 Points)

04 December 2023  

Dear sir, one of my client in the year 2021, May, he claimed excess itc of Rs 50,240-00, and the same reversed in the month March-2022 without interest. Because the supplier submitted their invoices in the month of March-2022.. ( Same financial year).  In this issue he received a notice interest on excess claimed.  Please advise in this issue....