04 June 2022
Sir, A Gst registered dealer itc claim details mentioned show as per gst portal in f.y.21-22 Some months itc claim short falls rs: 28765/- Some months itc claim excess rs:34567/- Question: Dealer itc excess vs itc short fall difference amount tax and interest and penalty applicable in gst act.
05 June 2022
In case of shortfall, you can claim such ITC till due date for filing of Sept 2022 return.
In case you claim excess ITC, reverse it in next month return and interest will be payable only if you utilise such amount to pay your liability
CAclubindia
