Interest on Excess ITC not charged in Portal
Kishore Nuthalapati (Accountant for multiple small entities) (171 Points)
20 March 2023We have taken Excess ITC in June 2022 for 1,00,000 however we have reversed the said amount in January 2023 while filing GSTR 3B
Now I am filing GSTR 3B for February 2023
I have expected that the interest on Excess itc will be auto calculated and added in the portal
However there is no such interest
Could some one please advise can I go without paying interest as given in the portal
Thanks in advance