Wrong ITC Availment Fy-18-19
It is adjusted With ITC , is this possible?
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Show Cause demand notice
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Need more details. can't adjust it with current itc
No... It's not possible.
In DRC-03 its possible. However if during the period of availment till reversal if such excess ITC was utilised then interest is payable on such ITC from the date of utilisation to the date of reversal.
File Drc-03, SCN DRC-O1 Notice will come in futur,
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