where to show ITC reverse availed but not utilized under gstr3b ???
There is 2 option 1st is rule 42,43& 2nd is other ????
where to show reverse itc (availed but not utilized) under gstr3b
Replies (5)
What is the reason for reversal?
If it is due to exempt supply then rule 42 and 43
Or else others.
If it is due to exempt supply then rule 42 and 43
Or else others.
actually it was wrongly added in ITC under 3b not in nature of exempt supply
Then you should disclose that amount in others i.e., 4B(2)
shall I have to pay interest on it??
Yes interest is applicable.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
