ITC IN GSTR9
my client paid RS.10,000 excess in March 2018 gstr 3B,and such excess amount taken wrongly as ITC in April 2018, is it correct,if not what is the rectification
Replies (1)
Tax paid in excess could be claimed as refund. There is a specific option for availing refund of excess tax paid.
Further, ITC wrongly availed should be reversed. Interest should be paid from date of availment till the date of reversal.
Further, ITC wrongly availed should be reversed. Interest should be paid from date of availment till the date of reversal.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
