Interest on wrong itc claimed
Harish Chand Saini (226 Points)
30 March 2022If a registered person excess claimed the ITC in tran 1 than availability,
what is the interest rate on this excess amount if we reverse it today.
regards
Harish
Harish Chand Saini (226 Points)
30 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 30 March 2022
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 31 March 2022
If the ITC was utilised then interest rate is 18% otherwise if not utilised then there is no interest
Imthias ahamed Kormath
(910 Points)
Replied 31 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 31 March 2022
Imthias ahamed Kormath
(910 Points)
Replied 31 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 31 March 2022
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