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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.
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