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wrong input claim

ITC / Input 210 views 4 replies
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accountant
105 Points Posted on 20 October 2017
sir
one of the my friend entered eligible ITC as wrong the difference is ₹5678
what will happen now this happened in July month 3b
he was ready to pay the difference
any penalty will be imposed?
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On 20 October 2017 at 18:49 Report
Replies (4)
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Article/GST Practitioner
98 Points Posted on 20 October 2017
than ok. if you pay the interest . as per notification no 13/2017 dated 28062017 int @ 24 % liable on excess or wrong claim of input tax credit
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On 20 October 2017 at 18:57
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Article/GST Practitioner
98 Points Posted on 20 October 2017
from the date of liability to pay tax 25 th August
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On 20 October 2017 at 18:58
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"Do the Right Thing...!!!"
128147 Points Posted on 20 October 2017
Don't be worry...
In July no late fee and interest... Also you can rectify in your GSTR 2 return...

GOOD LUCK
463 Reply
On 20 October 2017 at 19:37
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Article/GST Practitioner
98 Points Posted on 20 October 2017
there is notification on waiver of late fee filing and clarification regarding interest not waived for short payment of taxes in 3B of july
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On 20 October 2017 at 22:23


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