Wrongly taken blocked ITC in GST
This query is : Resolved
23 May 2020
Dear Experts,
We have wrongly taken (not availed) ITC on Civil works on building in GSTR-3B in previous month
Now we want to reverse this ITC in this month i.e. March-2020.
Where we show this ITC in GSTR-3B. Please advise.
Rakesh Sharma
We have wrongly taken (not availed) ITC on Civil works on building in GSTR-3B in previous month
Now we want to reverse this ITC in this month i.e. March-2020.
Where we show this ITC in GSTR-3B. Please advise.
Rakesh Sharma
23 May 2020
You can show the same via GSTR-3B - Other Reverals Option and pay the taxes claimed wrongly. Or you can also DRC-03
23 May 2020
Thanks for prompt reply mam.
Mam, should we pay interest @24% also? As some experts advise me.
Kindly guide me.
Mam, should we pay interest @24% also? As some experts advise me.
Kindly guide me.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
