Poonawalla fincorps
Poonawalla fincorps

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 ?

12 September 2020 No interest is chargeable under section 77 in such a situation.



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