Excess ITC Claimed

ITC / Input 130 views 1 replies
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2 Points Joined July 2017
If I have claimed excess ITC, then do I need to pay only the interest amount @ 24% or principal plus interest?
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On 28 July 2019 at 12:23 Report
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GST Practitioner
55067 Points Joined June 2017
Yes as per Section 50 of CGST you are liable to pay Interest only @ 24% on Excess claimed
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On 28 July 2019 at 12:45


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