Excess claimed ITC in last year December Month but forgot to adjust and reverse in last Year. so what to be done can we adjust in annual return or to be reversed this year and show in annual return.
Note: can we adjust 2020-2021 excess ITC Claimed adjust in April return 2021.
Menu
ITC excess claimed
Replies (3)
Quick Summary
You can adjust in Apr 2021 return. Pay interest if ITC was utilized.
You can adjust in annual return also
Yes, You can adjust in April GSTR-1 return.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
