Hello,
What are the penal provisions and the interest rate for wrong avilment of input tax credit now rectified.
Srinivas Pyata
(543 Points)
Replied 13 March 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 13 March 2018
SUGESSTION :: REVERSE THE ITC ASAP IN THE NEXT MONTH RETURN
bhaskar
(Consultant)
(87 Points)
Replied 13 March 2018
Thanks for the answer.
What is the interest rate that is charged?
bhaskar
(Consultant)
(87 Points)
Replied 13 March 2018
Also, what are the penal provisions if the notice is served before payment?
Srinivas Pyata
(543 Points)
Replied 13 March 2018
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