Is any time period prescribe for RITC
If anyone claim excess ITC, when will he can return?
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Is any time period prescribe for RITC
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There is no time limit that stops you from returning excess claimed ITC; you can reverse it anytime in a future GSTR-3B or pay it via Form DRC-03. However, if the excess ITC was utilized, an interest of 18% per annum will apply for the period it was wrongly held.
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