I have claimed wrong credit of SGST insted of CGST in TRAN 1 form.
Is it also possible for me to get Reversal and make the changes, & how?
Whether interest will be charged on it?
Menu
Reversal of ITC for wrong credit in SGST insted of CGST.
Replies (1)
Yes on reversal you have to pay Interest @ 24% per annum
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
