Dear expert,
Please clarify following doubt.
1. Gstr3B last month ITC report wrongly claimed in Inward supplies received from ISD instead of RCM input. How to rectify it to next month.
Thanks in advance.
If ITC which has been claimed is utilized then need to reverse along with interest @ 18% in further months and can claim the same under RCM.
If ITC which has been claimed is not utilized, then reverse the same in further months under ISD head and claim the same under RCM head.
CAclubindia
