ITC claimed worongly but not availed - in subsequent month actual GST has been remitted for sales made but in return ITC has been adjusted automatically. Now ITC is showing excess every month. How to reverse the ITC showing excess in the return
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Itc - gstr3b
Replies (3)
question not clear bro
Better to calculate Your ITC as per Your Invoices and reverse the balance Amount in Every month calculation with Interest @ 24%.
Thank you for your reply and now my quection is
1. How to revers in every month and in which column to be shown.
2. On which amount interest to be payable.
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