dear Sir,
we have by mistake take excess credit in 3 b return.you are requested to please suggest me what do?
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GST credit excess taken in 3b return
Replies (2)
reverse the ITC in Your next GSTR 3B return.
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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