in previous month gstr 3b I had taken double input of same invoice by mistake,so in current month gstr 3b i will reverse the itc.
Is interest applicable on it?
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Excess itc taken
Replies (2)
How to calculate interest ,excess itc is 36000 Igst
return filed on 20th dec
return filed on 20th dec
As per Law yes interest need to be deposited, but it's better that not to deposit today because if any notice is issue in this regard on that day also you will be required to deposit the interest till the day your reverse the same.
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