EXCESS OUTPUT AND ITC

Page no : 2

vishal dwivedi (hr) (51 Points)
Replied 24 January 2020

What is the processor of refund of excess output ??

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Roshni (Studwnt) (1141 Points)
Replied 24 January 2020

For refund time limit given is within one year...so in your case🙄

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 January 2020

Originally posted by : vishal dwivedi
	What is the processor of refund of excess output ??

Refund not available based on adjust/set off in Returns...

If You set off Your Transactions then no way....

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 January 2020

If we discussing generally or commonly then suggestions as "excess ITC - Reverse with 24% interest" & "Excess liability - adjust next month Sales liability". Otherwise if you give details then only you can get exact solution from our CCI Experts...

vishal dwivedi (hr) (51 Points)
Replied 24 January 2020

Sir can i mail you details or should i post here ?

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Roshni (Studwnt) (1141 Points)
Replied 24 January 2020

The excess output can be claimed in appeal saying it was not TAX at first place. If you can prove it you can get that refund.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 January 2020

How can get refund...?
Please., Can You give proper details for claiming refund as per above discussion...?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 January 2020

@ Mr Vishal Dwivedi., Better to give Your details here. Then You can get replies from experts...

Roshni (Studwnt) (1141 Points)
Replied 24 January 2020

If any appeal or assessment takes place then we can fight for such excess output otherwise nno chance of getting it back...at the first place it was by mistake and it was not liability (TAX) so only in the assessment it can be done