dear Sir,
we have by mistake take excess credit in 3 b return.you are requested to please suggest me what do?
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 20 August 2019
reverse the ITC in Your next GSTR 3B return.
Akshay Jain
(Tax Consultant)
(1024 Points)
Replied 20 August 2019
You have to reverse these credit in next month's GSTR-3B in table 4(B) and also have to pay interest @ 24% on excess ITC Taken amount.
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