Interest Liability in Rule 36(4)

This query is : Resolved

Rakesh Sharma (Querist)
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11 November 2020 Dear Experts, we have taken below :-
Month GSTR-2A ITC Claimed 10% Diff.
Feb-20 1,20,000 1,55,000 12,000 (23,000)
Mar-20 1,65,000 1,75,000 16,500 6,500
Apr-20 85,000 1,02,000 8,500 (8500)
May-20 1,11,200 1,35,200 11,120 (12880)
June-20 1,58,100 1,98,200 15,810 (24290)
July-20 2,03,500 2,06,600 20,350 17250
Aug-20 1,85,700 1,76,500 18,570 27770
Total 10,28,500 11,48,500 1,02,850 (17150)

Sir in the above table, can we deposit interest on excess claimed ITC i.e. 17150 @24% p.a.?

Moreover, below are the details of Sep-20 & Oct-20 :-

Month GSTR-2A ITC Claimed 10% Diff.
Sep-20 2,13,500 2,47,450 21,350 (12600)
Oct-20 2,67,100 2,98,110 26,710 (4300)

Is there any liability of interest in above months, if yes, then on which amount we have to pay? i.e. diff. of ITC Claimed - ITC Shown in 2A or ITC Claimed - ITC Shown in 2A - 10% shown ITC in 2A.

I humble request to all the experts, please help me, on what basis we have to go ahead.

Regards,

Rakesh Sharma