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Section 36(4)
What will happen if rule 36(4) not been followed
Replies (1)
If you do not follow Rule 36(4), you cannot legally claim the excess Input Tax Credit. If you have already claimed it, you are liable to reverse the amount with interest (usually 24% p.a.). To avoid this, you must ensure all your ITC claims are reconciled with your GSTR-2B before filing your GSTR-3B.
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