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Wrong ITC Claimed

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46 Points Posted on 03 October 2020
If Someone Has Claimed ITC Of Taxable Value By Mistake What Are the options To Amend The Same??
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On 03 October 2020 at 12:53 Report
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133 Points Posted on 03 October 2020
In next month return (3B) reverse the wrong amount claimed in current month return in ITC table.
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On 03 October 2020 at 13:12
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46 Points Posted on 03 October 2020
What About Interest For Wrong Claim?
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On 03 October 2020 at 13:16
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133 Points Posted on 03 October 2020
Interest will be applicable at 24% rate on excess itc claimed.
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On 03 October 2020 at 13:21
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46 Points Posted on 03 October 2020
Interest Will Be Too High.. Any Other Options?
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On 03 October 2020 at 14:25
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133 Points Posted on 03 October 2020
No other option..If u find int amount too high then jst reverse the excess itc and don't pay int.
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On 03 October 2020 at 14:41
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Tax and Business Consultant
11616 Points Posted on 04 October 2020
Interest Will Be Too High.. Any Other Options?

Are you asking for discount.
Bhaiyaa bahot mahega he... thoda discount kar do
.....hahaa😂🤣
just kidding
2 Reply
On 04 October 2020 at 09:01


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