Dear Experts,
Kindly advise on Interest to be paid on ITC reversal in 180 days.
If we are reverse the ITC after non payment in 180 days we have to pay any penalty or interest on it or not.
kindly advise if any notification issue as well.
Menu
Interest on ITC reversal in 180 days
Replies (2)
Quick Summary
18% interest from the date of ITC claimed
In term of Section 50 of CGST Act Interest is applicable @ 18%
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
