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If i have paid 22 lacs as output tax liability instead of 20 lacs and the same time i have claimed itc which are ineligible total 22 lacs instead of 20 lacs what will be the causes in GSTR 9???
Replies (4)
HOW YOU TAKE INPUTS OF INELIGIBLE ITC
REVERSE THE ITC WITH PENALTY OF 18% P.A
You Can Claim Credit Of Excess Amount
Tallystack
Question is that whether i can claim the excess amount of 2 lacs paid as output tax liability can be utilized against 2 lacs ineligible credit or not???
If ineligible ITC then it's can't set off to liabilities. Ineligible ITC will be reversible.
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