Reconciliation of 2a and books itc
This query is : Resolved
07 November 2020
1.It is necessary to reconcile 2A and books itc monthly
2. if we take excess input than 2A on behalf of purchase bill , interest will be charged or not.
3. Annually itc in books is less than or matching with 2A But differs monthly .will interest charged considering monthly excess.
2. if we take excess input than 2A on behalf of purchase bill , interest will be charged or not.
3. Annually itc in books is less than or matching with 2A But differs monthly .will interest charged considering monthly excess.
08 November 2020
1 yes, it's necessary to avoid excess ITC.
2 Interest applicable only when it's utilised.
3 No interest payable in case not utilised.
2 Interest applicable only when it's utilised.
3 No interest payable in case not utilised.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS DEMAND.
- 139(4) for ITR-5- audit
- Joint Account Closure
- TDS-Fixed assets
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Importer's TIN number in commercial invoice
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Reversal of unutilized ITC can be paid through ITC
- REGARDING NATURE OF EXPENDITURE.
- HOW TO AMEND THE INVOICE NO
- Claiming TDS credit of unclaimed TDS of past years
- GST APPLICABILITY FOR PLANTS
- OMR sheet / MCQ booklet no / error
- Due Rs12 lakhs written as bad debts in my books of accounts
- Availment of GST Input
- HELP-1st Group final exam for old student
- Ammended B2B invoice not displayed in GST2B
- TDS OR GST APPLICABLITY
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
