GST ITC : Interest on ITC reversal

Eswar Reddy S (CFO- at NHTF) (58263 Points)

14 March 2022  
We have claimed 2lacs ITC in November unfortunately the supplier has not filed GST returns or it's not appearing in GSTR-2A/2B.


So we have reversed the ITC through GSTR-3B in February GSTR filing.

GST was already paid to the extent of ITC availed..

Do we have to pay interest now ?