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trans1 wrong filled one value in double time

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What about double value filled because of point 5 and 6 in trans 1, so double reflections..please ask me resolution.

example-
5000 in point no 5 of trans1
and, 5000 in point no 6 of trans1
so, total itc credit 10000
Read more at: https://www.caclubindia.com/forum/trans-1-476117.asp?offset=1
Replies (3)
dear
can file DRC 03 online on portal to reverse excess ITC
is interest applicable? and please tell me rate of interest. and it's Calculation method.
plz reply must.

DEAR HARISH CHANDR

TO CORRECT THE ENTRY IN TRAN 1, THE CBEC HAS ISSUED THE CIRCULAR IN THIS REGARD , THE CIRCULAR NO. 58/32/2018 DTD 4.9.2018

THE CIRCULAR SAYS THAT YOU REVERSE IT UNDER TABLE 4(B)(2) OF FORM GSTR 3B

THE INTEREST IS APPLICABLE @ 24%


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