Wrong claim of ITC
This query is : Resolved
12 September 2020
Input credit of CGST and SGST has been claimed as IGST and to correct it IGST has been reversed and CG & SG has been claimed whether any interest shall be charged over the reversal of ITC under wrong head claim?
If, yes at what rate of interest ?
If, yes at what rate of interest ?
12 September 2020
No interest is chargeable under section 77 in such a situation.
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