ITC Gstr 2b
lokesh (student) (83 Points)
22 October 2022
We claim ITC more than Gstr2b, what to do now
5 Replies
Akshay Veer
(Student)
(15 Points)
Replied 22 October 2022
No, You Can't claim excess ITC than GSTR2B.
lokesh
(student)
(83 Points)
Replied 22 October 2022
We already claimed,is there any penalty for that
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 22 October 2022
If the basis of the availing credit, the invoices which has been already filed by vendors and disclosed in your previous GSTR 2Bs, then no problem, else you have to pay interest if the availed Input credit has been utilized.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 October 2022
Reverse the same in your subsequent Return.
As per Rule 88B r/w Section 50, if it is utilized then Interest @ 18% need to be deposited.
As per Rule 88B r/w Section 50, if it is utilized then Interest @ 18% need to be deposited.
Jamil Ahmed
(62 Points)
Replied 27 October 2022
Isn't interest rate on undue ITC claimed and utilized 24%?
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
