Menu
Regarding ITC reversal
sir ,claimed excess ITC by mistake and utilized in 18-19, now I got notice from dept, now I have sufficient ITC to reverse the same, but the officials say pay cash by DRC -03.is there any rule that, please suggest me
Replies (6)
( now I have sufficient ITC. )
Now means when & which period...?
Now means when & which period...?
You hv to pay by DRC-03 along with interest @ 18% p.a.
GST can be reversed via DRC 03 from ITC also
Is it possible to claim excess ITC?
Yes....excess ITC mean u hv claimed more than what is eligible
Eligible or ineligible is not the quistion? Let the owner of the quistion to explain.
Recent Threads
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
Related Threads
CAclubindia
