Excess claimed ITC in last year December Month but forgot to adjust and reverse in last Year. so what to be done can we adjust in annual return or to be reversed this year and show in annual return.
Note: can we adjust 2020-2021 excess ITC Claimed adjust in April return 2021.
Menu
ITC excess claimed
Replies (3)
You can adjust in Apr 2021 return. Pay interest if ITC was utilized.
You can adjust in annual return also
Yes, You can adjust in April GSTR-1 return.
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
