I have claimed excess Itc in form 3b ...how to reduce this itc in annual return as there is no place to show actual ITC in annual return...only way to reduce excess itc from total itc claimed...
please guide me
Menu
excess ITC in Annual return
Replies (9)
you can reverse the excess ITC in annual return . and you also have to pay interest @ rate of 24% pa. there is a column in annual return where you have to reverse the excess ITC duplicate ITC, ITC which is blocked, non payment to party within time limit also ITC reverse..
please tell me where is this column for such excess ITC reversal
fist you reverse in gstr 3 b and than in annul return PT.V IN COLUM 12
thank you
PT.V IN COLUM 12 MEANS
column name and serial no
In gstr9 which table and column and serial no
kindly tell me table number
good clarification and information
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
