ITC Revise

ITC / Input 178 views 4 replies
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11 Points Joined November 2018
hello sir,
over claim of ITC by mistake then in September 2018, how can I revise????
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On 02 November 2018 at 12:16 Report
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Chartered Accountant
12739 Points Joined December 2016

IN GSTR_3B REVERSE ITC 

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On 02 November 2018 at 12:52
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43 Points Joined November 2017
In GSTR-3B of next month you need to reverse ITC along with interest As applicable
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On 02 November 2018 at 13:00
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11 Points Joined November 2018
which head revise in itc and how much interest
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On 02 November 2018 at 13:51
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43 Points Joined November 2017
As per my opinion
interest would apply at the rate of 18% on safer side on day basis ,

you need to reverse ITC in the same head under which excess ITC has been claimed of the same amount of excess claimed ITC
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On 02 November 2018 at 14:09


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