Dear sir
we have taken excess input in Jan 19 by mistaken, can we revise same amount in feb19 by adjusting in ITC. Or we should be adjust by cash only. kindly clarify, pls sir
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excess input taken
Replies (4)
What about Your actual transactions in Jan-19...?
If payable then You must pay Tax with Interest through Cash...
If payable then You must pay Tax with Interest through Cash...
ok sir, but how by ITC or by cash
actually as per central excise, if we taken excess ITC, then we should pay by cash only, cont adjust by ITC.
so my question is should adjust by cash or ITC
actually as per central excise, if we taken excess ITC, then we should pay by cash only, cont adjust by ITC.
so my question is should adjust by cash or ITC
for feb you have liability or input
sorry sir, I did not see your reply properly. therefore we should adjust only by cash. thanks Sir
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