Menu
ITC OVER CLAIM
I claimed ITC in excess of Rs.2500 in sep 19 .shall i return the Excess ITC in DEC gstr 3b ,is there any interest to be payable for thd late reversal or can i under claim the Nov month ITC of 2500 to set ofc the excess in upcoming 3b return ?
Replies (2)
Report netoff by reducing 2500/- from December month ITC .
Yes you are required to deposit interst @ 24% pa. (Section 50 CGST Act)
Yes you are required to deposit interst @ 24% pa. (Section 50 CGST Act)
Please reduce the adjust the itc and pay with interest
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
