Ineligible ITC claimed in FY 2017-18
amard.prajapati@gmail.com (12 Points)
14 January 2020what is the solutions for this.
can i reversed this ITC without interest.
amard.prajapati@gmail.com (12 Points)
14 January 2020
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 January 2020
E.KALAIKOVAN
(Sr. Accounts Manager )
(341 Points)
Replied 21 September 2021
Interest @ 18% is applicable only on ineligible ITC availed and utilsed. In this case ineligible ITC not utilised.
Hence interest is not applicable