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
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trans1 wrong filled one value in double time
Replies (3)
dear
can file DRC 03 online on portal to reverse excess ITC
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.
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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