Extra ITC taken in period july-17 to March-18. Of rs.600000/-
Now how to pay these amt & show in which return
Extra ITC use
Jayesh (accountant) (101 Points)
29 September 2018
3 Replies
A B Kundu
(Professional)
(1422 Points)
Replied 29 September 2018
Reverse the ITC in the next period's return
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 29 September 2018
Need to Reverse the excess Input tax credit in the subsequent month and that will become the output liability from then and need to pay it in cash and interest also have to be calculated and paid from the date of taking excess Input..
chandra
(acco)
(101 Points)
Replied 29 September 2018
Sir i have taken input as per my received invoices in the month of July-17 in GSTR 3B and seller havent given me the ITC (havent uploaded my purchases)
will there be any problem while filling GSTR -9 if he doesnot give my ITC?
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