a service distributor mistakenly claimed itc Of Rs 45000.00, in sep17-3b (17-18)return, but there is no purchase invoice till now, only sale invoice are there, how we can reverse it?
and last due date of reversing??
Menu
Mistakenly input claimed
Replies (8)
you can. reverse it next 3B returns .
Issue credit note & file in current 3B
can we rectify in annual return?????
yes, you can also rectify in annual return.
but in 3B the reflections will not come.
so it is better to reverse in 3B also
but in 3B the reflections will not come.
so it is better to reverse in 3B also
Reverse the Wrongly claimed ITC and Pay with 24% interest. Calculate interest from Oct-17 to till date (when You reverse).
Reverse the same in your next 3b .
In Annual return you can rectify it but its effect in your credit ledger can be done only by correcting it in 3b
In Annual return you can rectify it but its effect in your credit ledger can be done only by correcting it in 3b
I agree with your both views.
how can i reverse it in 3b-please tell me the procedure???
Recent Topics :
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
Related Topics :
CAclubindia
